Morgan Stanley Arm

Morgan Stanley Raises Arm Holdings Price Target to $202

Analyst: Lee Simpson 1 min read Reproduced verbatim
Rating
Equalweight
Target
$202
from $191 (+6%)
Outcome
Reached
on November 2, 2026
Morgan Stanley and Arm logos

What the analyst said

Morgan Stanley analyst Lee Simpson raised the price target on Arm Holdings (NASDAQ: ARM) to $202.00 (from $191.00) while maintaining an Equalweight rating.

“CPU demand appears strong, but guidance is prudent reflecting supply as the gating factor. We see royalties as the cleaner nearterm growth driver led by Cloud AI.

We remain Equal-weight, though lift our PT to $202 on IP multiple expansion.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

ARM trades at $203. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $202 target is 58% below the median, the lowest on the Street.

Since the note ARM has moved −15% (from $237). 12-month window: day 180 of 365, closes on May 7, 2027.

Track record

This call✓ Target reached on November 2, 2026, 6 months after the note.

Firm track recordMorgan Stanley: 81% of its 48 targets at least a year old were reached within 12 months (#9 of 26 firms). Accuracy ranking →

Earnings reactionOne of 13 notes after Arm’s May 6 results: 13 raised · 0 cut · 0 kept. See every call →

Morgan Stanley on Arm

Morgan Stanley price targets on Arm

5 calls from January 23, 2026 to July 30, 2026. The target went from $180 to $212 (+18%). The rating moved from Buy to Hold.

Morgan Stanley targetARM share price
  1. July 30, 2026Target raised from $202 (+5%)Hold$212
  2. May 7, 2026 This noteTarget raised from $191 (+6%)Hold$202
  3. May 1, 2026Target raised from $150 (+27%)Hold$191
  4. April 7, 2026Downgraded to Hold, target cut from $180 (−17%)Hold$150
  5. January 23, 2026Earliest call shownBuy$180
Share

Other analysts on Arm

StoneXHold Kept rating Oct 26 Piper SandlerBuy Initiated coverage Sep 10 $320 Raymond JamesBuy Raised price target +13%, kept rating Aug 25 $641from $565 RosenblattBuy Cut price target −7%, kept rating Jul 31 $250from $270 UBSBuy Cut price target −11%, kept rating Jul 30 $320from $360
Share on
Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.