What the analyst said
Needham analyst Charles Shi reiterated a Hold rating on Arm Holdings (NASDAQ: ARM).
“ARM reported a beat-and-raise quarter, but with revenue from SoftBank increasing through the year (now $200MM/qtr), ARM is showing a hard deceleration in “organic” revenue (from 21.2% in FYE25 to 8.8% in FYE26).
Looking ahead, management still sees 20% growth in FYE27, and a potential acceleration in FYE28 once the upcoming custom silicon business ramps up.
The company announced an investor event on March 24, which we believe will unveil the company’s silicon strategy. Maintain Hold.”
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Track record
Firm track recordNeedham: 100% of its 6 targets at least a year old were reached within 12 months. Accuracy ranking →
Needham on Arm
Needham price targets on Arm
4 calls from February 5, 2026 to June 16, 2026. The target went from $200 to $400 (+100%). The rating moved from Hold to Buy.
- June 16, 2026Target raised from $255 (+57%)Buy$400
- May 7, 2026Target raised from $200 (+28%)Buy$255
- March 26, 2026Upgraded to Buy, set a $200 targetBuy$200
- February 5, 2026 This noteEarliest call shownHoldNo target
