What the analyst said
UBS analyst Timothy Arcuri raised the price target on Arm Holdings (NASDAQ: ARM) to $245.00 (from $175.00) while maintaining a Buy rating.
“In response to a flood of investor questions about the impact of agentic AI on the server CPU TAM, we hosted a series of expert calls.
Our key conclusions are as follows: 1) the attach rate of CPUs to XPUs (GPU/TPU, etc..) should grow ~5x through C2030 versus last year’s baseline; 2) the largest slice of this growth will be within XPU racks (e.g. head nodes, the vast majority of which will be ARM-based); 3) there will also be net new demand for standalone CPU-only server racks (which we think will be split roughly 50/50 between x86 and ARM); 4) this should also ultimately spill over to catalyze PC demand – both greenfield and replacement cycle.
In aggregate, we estimate the server CPU TAM could grow ~5x through C2030 from ~$30B in C2025 to ~$170B in C2030.
This would translate to across the board upside for ARM/INTC/AMD, though we believe the ARM instruction set will capture a disproportionate segment of this growth and reach ~40- 45% share of total units by C2030E (vs 15% in C2025). ”
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Where the price stands
ARM trades at $206. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $245 target is 49% below the median, the lowest on the Street.
Since the note ARM has moved +1% (from $203). 12-month window: day 180 of 365, closes on May 5, 2027.
Track record
This call✓ Target reached on May 20, 2026, 15 days after the note.
Firm track recordUBS: 88% of its 41 targets at least a year old were reached within 12 months (#7 of 21 firms). Accuracy ranking →
UBS on Arm
UBS price targets on Arm
5 calls from February 5, 2026 to July 30, 2026. The target went from $170 to $320 (+88%). The rating stayed Buy.
- July 30, 2026Target cut from $470 (−32%)Buy$320
- June 24, 2026Target raised from $245 (+92%)Buy$470
- May 5, 2026 This noteTarget raised from $175 (+40%)Buy$245
- March 26, 2026Target raised from $170 (+3%)Buy$175
- February 5, 2026Earliest call shownBuy$170
