RBC Capital Arm

RBC Capital Lowers Arm Holdings Price Target to $300

Analyst: Srini Pajjuri 1 min read Reproduced verbatim
Rating
Outperform
Target
$300
from $340 (−12%)
Upside
+72%
ARM at $175 today
RBC Capital and Arm logos

What the analyst said

RBC Capital analyst Srini Pajjuri lowered the price target on Arm Holdings (NASDAQ: ARM) to $300 (from $340) while maintaining an Outperform rating.

“ARM’s results and outlook were a bit better. Licensing was stronger driven by new ATA and CSS agreements.

Management secured additional supply for AGI CPU and now has higher confidence in achieving upside to its $1b+ revenue projection (although stopped short of officially raising guidance).

On the other hand, Royalty revenue was weaker despite doubling of data center royalties, due to continued Android weakness.

We are tweaking our estimates slightly and see sizable upside potential as management updates AGI CPU forecasts (demand ~$2B) in the coming quarters.

We are optimistic that smartphone market is approaching a bottom and view ARM as an outsized beneficiary from AgenticAI-driven CPU growth.

We lower PT from $340 to $300 due to recent multiple contraction in the sector and reiterate Outperform.”

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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 $300 target is 14% 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 $300 yet. This 12-month target is scored on November 5, 2027.

Firm track recordRBC Capital: 47% of its 17 targets at least a year old were reached within 12 months (#26 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 →

RBC Capital on Arm

RBC Capital price targets on Arm

6 calls from January 14, 2026 to November 5, 2026. The target went from $140 to $300 (+114%). The rating stayed Buy.

RBC Capital targetARM share price
  1. November 5, 2026 This noteTarget cut from $340 (−12%)Buy$300
  2. July 30, 2026Target raised from $260 (+31%)Buy$340
  3. May 7, 2026Target raised from $175 (+49%)Buy$260
  4. March 25, 2026Target raised from $130 (+35%)Buy$175
  5. February 5, 2026Target cut from $140 (−7%)Buy$130
  6. January 14, 2026Earliest call shownBuy$140
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Other analysts on Arm

TD CowenBuy Cut price target −29%, kept rating Nov 5 $250from $350 Piper SandlerBuy Cut price target −16%, kept rating Nov 5 $270from $320 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.