What the analyst said
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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Where the price stands
ARM trades at $205. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $500 target is 4% above the median.
Since the note ARM has moved −50% (from $412). 12-month window: day 151 of 365, closes on June 4, 2027.
Track record
This callOpen: ARM has not reached $500 yet. This 12-month target is scored on June 4, 2027.
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, 2026 This noteTarget raised from $425 (+18%)Buy$500
- June 1, 2026Target 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
