ARM Holdings plc (ARM) Given Hold Rating at Deutsche Bank
ARM Holdings plc (LON:ARM)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank in a report issued on Monday, MarketBeat.Com reports. They presently have a GBX 1,000 ($14.39) price target on the stock. Deutsche Bank’s target price would indicate a potential upside of 0.70% from the company’s current price.
A number of other equities analysts have also recently commented on ARM. Credit Suisse restated an “outperform” rating and set a GBX 1,230 ($17.70) target price on shares of ARM Holdings plc in a report on Tuesday, October 13th. Liberum Capital restated a “sell” rating and set a GBX 650 ($9.35) target price on shares of ARM Holdings plc in a report on Thursday, January 14th. Goldman Sachs set a GBX 1,500 ($21.58) target price on ARM Holdings plc and gave the company a “buy” rating in a report on Wednesday, January 13th. BNP Paribas restated an “outperform” rating and set a GBX 1,300 ($18.70) target price on shares of ARM Holdings plc in a report on Monday. Finally, Natixis restated a “neutral” rating and set a GBX 1,000 ($14.39) target price on shares of ARM Holdings plc in a report on Monday, December 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 1,159 ($16.67).
Shares of ARM Holdings plc (LON:ARM) traded up 1.81% during midday trading on Monday, hitting GBX 1011.00. 3,050,541 shares of the stock were exchanged. ARM Holdings plc has a 1-year low of GBX 811.50 and a 1-year high of GBX 1,332.50. The firm has a 50-day moving average of GBX 1,000.38 and a 200-day moving average of GBX 995.22. The company’s market capitalization is GBX 14.22 billion.
ARM Holdings plc (LON:ARM) is a United Kingdom-based company engaged in designing of microprocessors, physical intellectual property (IP) and related technology and software, and sale of development tools. The Company’s offers products, such as 16/32/64-bit RISC microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. The Company’s product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services. ARM licenses and sells its technology and products to international electronics companies, which in turn manufacture, market and sell microprocessors, application-specific integrated circuits (ASICs), application-specific standard processors (ASSPs) and microcontrollers (MCUs) based on ARM’s technology to systems companies for incorporation into a variety of end products.
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