What the analyst said
Jefferies analyst Janardan Menon raised the price target on Arm Holdings (NASDAQ: ARM) to $320 (from $290) while maintaining a Buy rating.
“We believe Arm’s AGI CPU orders have further risen post FY26 results, both because of Agentic AI driving CPU demand, as well as the signing up of new customers like Oracle and Bytedance.
We now predict AGI CPU revenues of $18bn in FY31 vs guidance of $15bn.
The potential launch of a GPU by Softbank sometime next year based on Arm’s design services is also likely to be positive for royalties.
We raise our longer-term forecasts and our PT from $290 to $320.”
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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 $320 target is 33% below the median, the lowest on the Street.
Since the note ARM has moved −23% (from $267). 12-month window: day 105 of 365, closes on July 20, 2027.
Track record
This call✓ Target reached on September 21, 2026, 2 months after the note.
Firm track recordJefferies: 90% of its 10 targets at least a year old were reached within 12 months. Accuracy ranking →
Jefferies on Arm
Jefferies price targets on Arm
4 calls from February 5, 2026 to July 20, 2026. The target went from $170 to $320 (+88%). The rating stayed Buy.
- July 20, 2026 This noteTarget raised from $290 (+10%)Buy$320
- May 7, 2026Target raised from $210 (+38%)Buy$290
- March 25, 2026Target raised from $170 (+24%)Buy$210
- February 5, 2026Earliest call shownBuy$170
