Piper Sandler Arm

Piper Sandler Lowers Arm Holdings Price Target to $270

Analyst: David O'Connor 1 min read Reproduced verbatim
Rating
Overweight
Target
$270
from $320 (−16%)
Upside
+55%
ARM at $175 today
Piper Sandler and Arm logos

What the analyst said

Piper Sandler analyst David O’Connor lowered the price target on Arm Holdings (NASDAQ: ARM) to $270 (from $320) while maintaining an Overweight rating.

“Increased Confidence on Silicon Ramp; Solid FQ2 print from ARM with a 5-9% beat on revenues/EPS vs cons. FQ4 guided 1-2% ahead of cons.

Main takeaway from conf-call was increasing confidence on its Silicon AGI target of $2B in FY27-28, with production ramp commencing in FQ4.

Beyond FY28 AGI demand is very strong and the team working on securing more supply.

Following results we make minimal changes to FY27-31 estimates but lower our PT to $270 with a SOTP, using a reduced 30x multiple, from mid-30x previously, following a market correction.

We continue to like the Accelerator IP story where ~10% ASIC share could double company’s current earnings.

While we didn’t learn anything new on the Accelerator project, on results, we expect H1 next year to be the catalyst. Reiterate OW.”

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Where the price stands

ARM trades at $175. The 12 analysts who set a target in the last 3 months range from $160 to $641, with a median of $263. This $270 target is 3% above the median.

Since the note ARM has moved −9% (from $192). 12-month window: day 2 of 365, closes on November 5, 2027.

Track record

This callOpen: ARM has not reached $270 yet. This 12-month target is scored on November 5, 2027.

Firm track recordPiper Sandler: 79% of its 38 targets at least a year old were reached within 12 months (#15 of 26 firms). Accuracy ranking →

Earnings reactionOne of 11 notes after Arm’s Nov 4 results: 0 raised · 8 cut · 3 kept. See every call →

Piper Sandler on Arm

Piper Sandler price targets on Arm

2 calls from September 10, 2026 to November 5, 2026. The target went from $320 to $270 (−16%). The rating stayed Buy.

Piper Sandler targetARM share price
  1. November 5, 2026 This noteTarget cut from $320 (−16%)Buy$270
  2. September 10, 2026Earliest call shownBuy$320
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Other analysts on Arm

TD CowenBuy Cut price target −29%, kept rating Nov 5 $250from $350 RBC CapitalBuy Cut price target −12%, kept rating Nov 5 $300from $340 UBSBuy Cut price target −16%, kept rating Nov 5 $270from $320 JP MorganBuy Cut price target −4%, kept rating Nov 5 $245from $255 NeedhamBuy Kept rating and price target Nov 5 $255maintained
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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.