Table of Contents
Quick Read
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ARM sits 35% below its 2026 peak, with our model issuing a $345 BUY target at 90% confidence.
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The bull case hits $448 as Meta, Google, NVIDIA, and Microsoft build Arm-based silicon targeting a $100 billion data center CPU market.
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A trailing P/E of 402, the Qualcomm/Nuvia trial, and an FTC antitrust investigation anchor the bear case floor at $268.
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Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Arm didn’t make the cut. Grab the names FREE today.
Arm Holdings (NASDAQ:ARM) has been one of 2026’s most dramatic stories, ripping from a January low near $105 to a record $452.70 in June before giving back gains.
With shares now near $315, the question is whether the AI CPU thesis still has room to run or if the easy money has already been made. Our proprietary model says there is more upside, but not the kind investors have gotten used to.
Our 24/7 Wall St. Price Target for Arm
The Arm Holdings story is fundamentally about becoming the default CPU architecture of the agentic AI data center. Our 24/7 Wall St. price target for Arm is $344.98, implying 9.42% upside from the current price of $315.28. Our recommendation is buy with a confidence level of 90%.
A Wild Ride From $105 to $452 and Back
Arm is up 188.43% year to date and 103.89% over the past year, yet the last month has been brutal. Shares are down 21.71% over the past 30 days and 9.33% in the past week, currently sitting 35% below the 52-week high of $452.70. A 10.1% drop on June 23 during a broader semiconductor rout, combined with a New Street Research downgrade to Neutral and executive insider selling, triggered the pullback.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Arm didn’t make the cut. Grab the names FREE today.
The fundamentals remain strong. Q4 FY2026 revenue hit $1.49 billion, up 20.1% YoY, with non-GAAP EPS of $0.60 beating consensus. Full-year FY2026 revenue reached $4.92 billion (+22.79%), marking a third consecutive year of 20%+ growth. Next earnings land July 29, 2026.
The Case for $448 and Higher
Our bull case final price sits at $448.25, a 42.17% return. The catalyst is Arm AGI CPU, the company’s first data center production silicon. Management flagged more than $2 billion in customer demand across FY2027-FY2028 and a $100+ billion data center CPU TAM by 2030.
Meta is lead partner, and Google, NVIDIA, Microsoft, Oracle, and OpenAI are all building Arm-based silicon. Wall Street bulls have raised targets: TD Cowen to $475, UBS to $470, and Mizuho to $500, targeting $15 billion in agentic AI CPU revenue by fiscal 2031.
