Rosenblatt Lowers Arm Holdings Price Target to $250
- Rating
- Buy
- Unchanged
- Target
- $250
- from $270 (−7%)
- Outcome
- Reached
- on August 4, 2026
What the analyst said
Rosenblatt analyst Kevin Cassidy lowered the price target on Arm Holdings (NASDAQ: ARM) to $250 (from $270) while maintaining a Buy rating.
“Arm delivered a solid beat-n-raise as licensing revenue grew 23% Y/Y and royalties increased 22% Y/Y with data center royalties doubling Y/Y.
Outlook is for licensing revenue to increase 30% Y/Y and royalties up low teens percent Y/Y as smartphone headwinds are slowing royalty rate.
According to management, demand for Arm’s server AGI CPU has doubled in the past three months to over $2B.
Management has secured capacity to deliver $1B+ through FY28 and are working on expanding supply to meet demand.
We see the company as entering a critical time in ramping its first silicon product while expanding its server/PC/physical AI IP business.
We are lowering our 12-month PT to $250 based on lower FY28E Non-GAAP EPS than previously mainly due to lower GM and higher expense estimates.”
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Where the price stands
ARM trades at $197. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $250 target is 48% below the median, the lowest on the Street.
Since the note ARM has moved −19% (from $242). 12-month window: day 94 of 365, closes on July 31, 2027.
Track record
This call✓ Target reached on August 4, 2026, 4 days after the note.
Firm track recordRosenblatt: 58% of its 19 targets at least a year old were reached within 12 months (#25 of 26 firms). Accuracy ranking →
Rosenblatt on Arm
Rosenblatt price targets on Arm
3 calls from February 5, 2026 to July 31, 2026. The target went from $175 to $250 (+43%). The rating stayed Buy.
- July 31, 2026 This noteTarget cut from $270 (−7%)Buy$250
- May 7, 2026Target raised from $175 (+54%)Buy$270
- February 5, 2026Earliest call shownBuy$175
