BofA Securities Raises Arm Holdings Price Target to $140
- Rating
- Neutral
- Target
- $140
- from $135 (+4%)
- Outcome
- Reached
- on March 25, 2026
What the analyst said
BofA Securities analyst Vivek Arya raised the price target on Arm Holdings (NASDAQ: ARM) to $140.00 (from $135.00) while maintaining a Neutral rating.
“We now see potential for greater ARM share gain toward 20-25%+ by CY30E, up from our prior 15-20% outlook… ARM is expected to unveil its upcoming in-house designed merchant CPU, a deviation from its historical IP-licensing and royalty-based model.
With full chiplets, ARM’s SAM could be 30x ($50-100/chip for IP vs. $1.5-2k/chip for full silicon), and addressable OpM could be 20x (40-45% OpM for IP vs. 25-30% OpM for chips).
At a modest ~3-5% CPU share, ARM could expand its CY28-30E EPS by 10-20%, though a potential future removal of current ~$800mn/yr SoftBank licensing sales (as chips R&D may be one-time vs.
IP Licensing recurring) could offset most of the n-t benefits (need ~$1.2bn/yr in chip sales).”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
Where the price stands
ARM trades at $203. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $140 target is 71% below the median, the lowest on the Street.
Since the note ARM has moved +64% (from $124). 12-month window: day 252 of 365, closes on February 24, 2027.
Track record
This call✓ Target reached on March 25, 2026, 29 days after the note.
Firm track recordBank of America: 82% of its 49 targets at least a year old were reached within 12 months (#8 of 26 firms). Accuracy ranking →
Bank of America on Arm
Bank of America price targets on Arm
7 calls from January 13, 2026 to July 30, 2026. The target went from $120 to $260 (+117%). The rating stayed Hold.
- July 30, 2026Target cut from $460 (−43%)Hold$260
- June 23, 2026Target raised from $335 (+37%)Hold$460
- June 11, 2026Target raised from $245 (+37%)Hold$335
- May 7, 2026Target raised from $155 (+58%)Hold$245
- March 25, 2026Target raised from $140 (+11%)Hold$155
- February 24, 2026 This noteTarget raised from $120 (+17%)Hold$140
- January 13, 2026Earliest call shownHold$120
