What the analyst said
Mizuho analyst Vijay Rakesh reiterated an Outperform rating and $160.00 price target on Arm Holdings (NASDAQ: ARM).
“ARM hosted its “ARM Everywhere” event.
Key points: 1) announcing first silicon products, the ARM AGI CPU, built for agentic AI DC workloads with first committed customers META and OpenAI (+5 total) and first revs in F28E at ~$1B and growing >10x to $15B by F31E, almost 3X current ~$5B/yr run-rate, 2) AGI CPU launching in 2HC26E with $50B TAM today growing to >$100B by ~C30E, driving 2x better performance vs. x86 CPUs and potentially saving $10B of capex/GW, 3) ARM updated its financial targets with total revs in F31E guided to $25B with ~$10B IP revs up >2x from F26E’s ~$5B, and EPS >$9 up ~6x from F26E $1.75 consensus, and 4) KEY AI Accelerator potentially still AHEAD, ongoing with Softbank NRE $200M/qtr, expected to grow.
Reiterate ARM Outperform, $160 PT as we see Broadening CPU-ASIC roadmap addressing >$1.2Tr market.”
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Where the price stands
ARM trades at $202. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $160 target is 67% below the median, the lowest on the Street.
Since the note ARM has moved +50% (from $135). 12-month window: day 223 of 365, closes on March 25, 2027.
Track record
This call✓ Target reached on April 14, 2026, 2 months after the note. Same target as this firm’s February 5, 2026 note, so it is scored there.
Firm track recordMizuho: 88% of its 68 targets at least a year old were reached within 12 months (#2 of 26 firms). Accuracy ranking →
Mizuho on Arm
Mizuho price targets on Arm
8 calls from February 5, 2026 to July 30, 2026. The target went from $160 to $400 (+150%). The rating stayed Buy.
- July 30, 2026Target cut from $500 (−20%)Buy$400
- June 4, 2026Target raised from $425 (+18%)Buy$500
- June 1, 2026Target raised from $360 (+18%)Buy$425
- May 27, 2026Target raised from $255 (+41%)Buy$360
- May 6, 2026Target raised from $230 (+11%)Buy$255
- April 6, 2026Target raised from $160 (+44%)Buy$230
- March 25, 2026 This noteKept the $160 targetBuy$160
- February 5, 2026Earliest call shownBuy$160
