Mizuho Raises Arm Holdings Price Target to $500
Mizuho analyst Vijay Rakesh raised the price target on Arm Holdings (NASDAQ: ARM) to $500.00 (from $425.00) while maintaining an Outperform rating.
“We take a fresh look at ARM post Computex 2026 in Taiwan.
Key takeaways: 1) Agentic AI tailwinds accelerating as ARM expands AGI CPU platform with ORCL (covered by Siti Panigrahi) and ByteDance while RTX Spark unlock agentic AI at the edge, 2) we believe ARM potentially pulling-in $15B AGI CPU revenue target by F31E (we now est. ~$20B) 3) we believe potential AI ASIC launch late-2026E/early-2027E could unlock >$1T TAM, ~5-10x bigger vs CPU, with est. >$15K ASP, 10x vs AGI CPU, 4) our updated SOTP now implies a $500PT with AGI CPU ramps accelerating.
We reiterate our Outperform rating and raise our ests/PT to $500 (prior $425).”
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