Jefferies Raises Arm Holdings Price Target to $210
Jefferies analyst Janardan Menon raised the price target on Arm Holdings (NASDAQ: ARM) to $210.00 (from $170.00) while maintaining a Buy rating.
“At Arm’s Everywhere event the company unveiled its AGI CPU chip through which it expects to generate $15bn of additional revenue by FY31, within an Agentic AI-led CPU SAM of over $100bn.
An impressive array of confirmed customers led by Meta and OpenAI supported Arm’s revenue guidance.
The chip’s revenue trend is well above our expectations and we expect the stock to price in this significant step up in revenue and earnings. We raise our PT from $170 to $210.”
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