Bernstein SocGen Raises Arm Holdings Price Target to $500

Bernstein SocGen Group analyst David Dai raised the price target on Arm Holdings (NASDAQ: ARM) to $500.00 (from $300.00) while maintaining an Outperform rating.

“Raising Arm PT to $500, as Arm is the structural beneficiary of the renaissance of CPUs for agentic AI. Arm architecture is suitable for agentic AI workload given its unparalleled power efficiency.

In addition, Arm is shifting from just IP provider to CPU maker, aiming to capture $15bn revenue by CY2030, but we now forecast $22bn as we revise CPU TAM to $223bn in 2030 (from $137bn).

Arm’s 2030 EPS (FYE31) is now lifted to $11.79 ($9.83 prior).

Based on 42x P/E (40x prior), we lift Arm’s PT to $500 (21% upside).

Given the lifted PT of Arm, we also raise SoftBank PT to ¥11,200 (58% upside), based on 30% discount to pro-forma NAV of $572bn.”

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.

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.