What the analyst said
KeyBanc analyst John Vinh raised the price target on Arm Holdings (NASDAQ: ARM) to $300.00 (from $170.00) while maintaining an Overweight rating.
“ARM posted mixed results despite F4Q/F1Q rev/EPS exceeding, as licensing beat, while royalties missed.
Royalty was due to contraction in smartphone TAM due to memory shortages and higher pricing, as ARM guides 20% y/y royalty growth in F1Q.
Growth is being driven by the migration to Armv9, CSS, and Data Center, which doubled in revenues again.
ARM also indicated it sees $2B in demand for its AGI CPU in FY28, vs. its $1B outlook, but is supply constrained currently and unable to meet demand.
Despite mixed results, we raise ests and our PT to $300 due to licensing upside DC drivers.”
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Where the price stands
ARM trades at $197. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $300 target is 38% below the median, the lowest on the Street.
Since the note ARM has moved −17% (from $237). 12-month window: day 179 of 365, closes on May 7, 2027.
Track record
This call✓ Target reached on May 22, 2026, 15 days after the note.
Firm track recordKeyBanc: 79% of its 24 targets at least a year old were reached within 12 months (#12 of 26 firms). Accuracy ranking →
KeyBanc on Arm
KeyBanc price targets on Arm
3 calls from February 5, 2026 to July 14, 2026. The target went from $170 to $430 (+153%). The rating stayed Buy.
- July 14, 2026Target raised from $300 (+43%)Buy$430
- May 7, 2026 This noteTarget raised from $170 (+76%)Buy$300
- February 5, 2026Earliest call shownBuy$170
