What the analyst said
Mizuho analyst Vijay Rakesh raised the price target on Arm Holdings (NASDAQ: ARM) to $425.00 (from $360.00) while maintaining an Outperform rating.
“Raise PT to $425 (prior: $360), 2.7x our F28E (unchanged from prior) with near-term handset headwinds mostly limited to lower-end models, with premium/flagship seeing strength and driving better v9/CSS mix.
We continue to see ARM benefitting from CPU ramps at key customers in the near-term with Cobalt, Axion, Graviton, Vera and Grace, while its in-house AGI CPU and potential ASIC could start ramps in 2027/28E and drive further upside.”
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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 $425 target is 12% below the median.
Since the note ARM has moved −42% (from $353). 12-month window: day 153 of 365, closes on June 1, 2027.
Track record
This call✓ Target reached on June 18, 2026, 17 days after the note.
Firm track recordMizuho: 93% of its 61 targets at least a year old were reached within 12 months (#2 of 21 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, 2026 This noteTarget 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, 2026Kept the $160 targetBuy$160
- February 5, 2026Earliest call shownBuy$160
