Citi raises Arm Holdings stock target to $200, maintains Buy

Published 06/02/2025, 09:04
Citi raises Arm Holdings stock target to $200, maintains Buy

On Thursday, Citi analyst Andrew Gardiner increased the price target for Arm Holdings (NASDAQ: NASDAQ:ARM) shares to $200 from the previous $170, while continuing to recommend a Buy rating for the stock. The company, now valued at $182.1 billion, has seen its shares surge 13% in the past week alone. Gardiner’s assessment followed Arm Holdings’ financial performance for the December quarter (F3Q25), which he described as a "healthy beat." However, he noted that this positive outcome is balancing a slightly softer outlook for the March quarter, leading to no change in the fiscal year 2025 estimates, which are already above consensus. According to InvestingPro analysis, ARM is currently trading above its Fair Value, with 16 additional key insights available to subscribers.

Gardiner highlighted that despite the lack of significant changes to the immediate financial figures, there is evident momentum building in various segments of Arm’s business, particularly those revolving around artificial intelligence (AI). The company’s strong financial position, with liquid assets exceeding short-term obligations by 4.5x and impressive revenue growth of 24.6% over the last twelve months, supports its ambitious AI initiatives. Arm is intensifying its research and development efforts to capitalize on opportunities presented by AI, as it becomes increasingly involved in a range of projects, from the well-known hyperscaler custom silicon to emerging initiatives such as Stargate, Cristal, and Nvidia (NASDAQ:NVDA) DIGITS.

While the analyst anticipates that these initiatives will not make a substantial financial impact in the next one to two years due to development cycles, he expressed a stronger belief in Arm’s long-term growth prospects. This confidence in the company’s future is the driving force behind the raised price target. Gardiner’s comments suggest that Arm’s strategic focus on AI and its involvement in high-potential projects are key factors underpinning the positive outlook for the company’s shares. For deeper insights into ARM’s valuation and growth potential, access the comprehensive Pro Research Report available exclusively on InvestingPro, along with detailed analysis of 1,400+ other top stocks.

In other recent news, Arm Holdings has been the subject of several analyst upgrades and downgrades. Goldman Sachs raised its price target for Arm Holdings to $174 from $159, maintaining a positive outlook due to the company’s strong performance in the third fiscal quarter. The firm noted robust growth in both the Licensing and Royalty segments, which led to a 15% beat on non-GAAP earnings per share.

In contrast, Bernstein expressed caution about Arm Holdings’ high valuation compared to its peers, despite its strong performance and improved royalty rates. Meanwhile, Mizuho (NYSE:MFG) Securities reiterated its positive stance on Arm Holdings, maintaining an Outperform rating and a price target of $160.00. The firm adjusted its future earnings estimates for the company, anticipating an increase in the top line by 22% for the fiscal year 2025 and 25% for 2026.

However, Benchmark maintained its Hold rating on Arm Holdings due to valuation concerns, despite recognizing the company’s solid industry standing. These are recent developments that have drawn attention from investors and industry observers alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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