Arm Holdings (ARM) PT Raised to $360 at Mizuho
Mizuho analyst Vijay Rakesh raised the price target on Arm Holdings (NASDAQ: ARM) to $360.00 (from $290.00) while maintaining a Outperform rating.
The analyst comments "Reiterate ARM at Outperform, raise PT to $360 from $290, 2.7x our F28E PEG (prior: 2.2x), as we see tailwinds from both internal CPU ramps in C27E, as well as continued strength from customer CPUs (Grace/Vera/Axion/Cobalt/Graviton), as ARM stands to benefit from Agentic AI CPU ramps under the 3 scenarios laid out above"