What the analyst said

Goldman Sachs analyst James Schneider reiterated a Sell rating and $160 price target on Arm Holdings (NASDAQ: ARM).

“Key stock takeaways: We expect the stock to be range bound following headline revenue and EPS guidance that were above the Street.

Key highlights from the quarter included stronger than expected Licensing revenue, offset by significantly lower Royalty revenues.

Management noted increased confidence in achieving up to $2bn in AGI CPU customer demand.

On the conference call, we expect investors to focus on : (1) update on supply availability for AGI CPUs; (2) visibility into smartphone market recovery; (3) Royalty revenue outlook for FY27.”

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Where the price stands

ARM trades at $170. The 9 analysts who set a target in the last 3 months range from $160 to $641, with a median of $255. This $160 target is 37% below the median, the lowest on the Street.

12-month window: day 1 of 365, closes on November 4, 2027.

Track record

This callOpen: a 12-month target, scored on November 4, 2027, a year after the note.

Firm track recordGoldman Sachs: 78% of its 37 targets at least a year old were reached within 12 months (#16 of 26 firms). Accuracy ranking →

Goldman Sachs on Arm

Goldman Sachs price targets on Arm

4 calls from April 9, 2026 to November 5, 2026. The target went from $125 to $160 (+28%). The rating stayed Sell.

Goldman Sachs targetARM share price
  1. November 5, 2026Kept the $160 targetSell$160
  2. November 4, 2026 This noteTarget raised from $150 (+7%)Sell$160
  3. May 7, 2026Target raised from $125 (+20%)Sell$150
  4. April 9, 2026Earliest call shownSell$125
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Other analysts on Arm

JP MorganBuy Cut price target −4%, kept rating Nov 5 $245from $255 NeedhamBuy Kept rating and price target Nov 5 $255maintained EvercoreBuy Kept rating and price target Nov 5 $372maintained Wells FargoBuy Cut price target −9%, kept rating Nov 5 $255from $280 BarclaysBuy Cut price target −10%, kept rating Nov 5 $325from $360
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.