What the analyst said
Evercore ISI analyst Mark Lipacis raised the price target on Arm Holdings (NASDAQ: ARM) to $227.00 (from $170.00) while maintaining an Outperform rating.
“Key Agentic-AI Beneficiary.
We reiterate our OP rating following ARM’s “Arm Everywhere” event where management formally announced its entry into the Physical IC market, introducing its server CPU product which it expects will generate $15bn in revs by FY31 and lead overall EPS to expand to $9+, consistent with our projections.
We continue to believe that server CPUs are just the first chapter of ARM’s physical IC development journey, with a path to $13-$23 in 5 year earnings power should it successfully enter additional markets over time.
ARM reminds us of NVDA 10 years ago, as both 1) a de facto ecosystem standard in a 2) inflecting market that is a natural fit for their portfolio.
We increase our PT to $227 (from $170), reflecting 34x our CY2030 EPS of $9.76 discounted back to 2026.”
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Where the price stands
ARM trades at $191. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $227 target is 53% below the median, the lowest on the Street.
Since the note ARM has moved +42% (from $135). 12-month window: day 224 of 365, closes on March 25, 2027.
Track record
This call✓ Target reached on April 24, 2026, 30 days after the note.
Firm track recordEvercore: 88% of its 16 targets at least a year old were reached within 12 months (#3 of 26 firms). Accuracy ranking →
Evercore on Arm
Evercore price targets on Arm
3 calls from February 5, 2026 to July 30, 2026. The target went from $170 to $326 (+92%). The rating stayed Buy.
- July 30, 2026Target raised from $227 (+44%)Buy$326
- March 25, 2026 This noteTarget raised from $170 (+34%)Buy$227
- February 5, 2026Earliest call shownBuy$170
