This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Is the ARM share price now at an attractive level?
ARM Holdings (ARM); Technology
An uncertain outlook for Apple has hurt the ARM share price – ARM’s chip blueprints are licensed out to virtually every smartphone and tablet manufacturer in the world. Yet if Apple’s losing market share, it’s losing it to someone else so there’s little reason to be concerned demand-wise. Price action is holding up around intersecting support, with brokers on average seeing 20% upside from here. While the most bearish analyst sees ARM shares overpriced to the tune of 30%, the distribution has a clear bullish bias with 16 out of 20 target prices above the current price.
Consensus Roundup
Most Bullish: Goldman Sachs, Buy/Neutral, Target 1400p (+50%)
Consensus: Target: 1117p (+20%)
Most Bearish: Liberum, Sell, Target 650p (-30%)
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Prepared by Michael van Dulken, Head of Research
