Stock analysts at Credit Suisse upped their price target on shares of ARM Holdings plc (LON:ARM) from GBX 1,100 ($16.76) to GBX 1,260 ($19.20) in a report issued on Wednesday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target points to a potential upside of 15.92% from the stock’s previous close.
ARM Holdings plc (LON:ARM) opened at 1080.25 on Wednesday. ARM Holdings plc has a 52 week low of GBX 778.50 and a 52 week high of GBX 1097.999. The stock’s 50-day moving average is GBX 1019. and its 200-day moving average is GBX 932.5. The company’s market cap is £15.193 billion.
A number of other analysts have also recently weighed in on ARM. Analysts at Investec reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday. Analysts at Barclays reiterated an “overweight” rating and set a GBX 1,250 ($19.05) price target on shares of ARM Holdings plc in a research note on Wednesday. Analysts at FinnCap reiterated a “hold” rating on shares of ARM Holdings plc in a research note on Wednesday. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 750 ($11.43) price target on shares of ARM Holdings plc in a research note on Tuesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. ARM Holdings plc has a consensus rating of “Buy” and an average price target of GBX 1,060 ($16.15).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools. As of December 31, 2012, the Company operated in three business segments: the Processor Division (PD), the Physical IP Division (PIPD) and the System Design Division (SDD).
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