What the analyst said

Needham analyst Charles Shi reiterated a Buy rating and $255 price target on Arm Holdings (NASDAQ: ARM).

“Arm Holdings reported results that were near the high-end of guidance on both revenue and operating margin, with strength in License driving results.

Management has pointed to continued growth for the next two quarters at a YoY rate of ~24%, which should position FY27 (ending Mar’28) as a strong growth year for ARM (~24-25% YoY top-line growth).

On the hot topic of the AGI CPU, management is incrementally more confident in achieving their $2B sales target after securing $2B foundry wafer supply and well over $2B customer demand (we think $4-6B so far) over the last 90 days.

Further details on the AGI CPU and FY28 (Mar’29) outlook are expected at the next earnings call. We are maintaining our Buy rating and $255PT (unchanged at 76x our CY28 NG EPS).”

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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 $255 target is in line with the median.

12-month window: day 0 of 365, closes on November 5, 2027.

Track record

This callOpen: a 12-month target, scored on November 5, 2027, a year after the note.

Firm track recordNeedham: 100% of its 6 targets at least a year old were reached within 12 months. Accuracy ranking →

Needham on Arm

Needham price targets on Arm

5 calls from February 5, 2026 to November 5, 2026. The target went from $200 to $255 (+28%). The rating moved from Hold to Buy.

Needham targetARM share price
  1. November 5, 2026 This noteTarget cut from $400 (−36%)Buy$255
  2. June 16, 2026Target raised from $255 (+57%)Buy$400
  3. May 7, 2026Target raised from $200 (+28%)Buy$255
  4. March 26, 2026Upgraded to Buy, set a $200 targetBuy$200
  5. February 5, 2026Earliest call shownHoldNo target
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Other analysts on Arm

JP MorganBuy Cut price target −4%, kept rating Nov 5 $245from $255 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 Goldman SachsSell Kept rating and price target Nov 5 $160maintained
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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.