Analysts Review Arm Holdings (ARM) Revenue Projections

Arm Holdings plc (NASDAQ:ARM) is one of the 10 best NASDAQ growth stocks to buy for the next 10 years. On January 26, UBS analyst Timothy Arcuri lowered the firm’s price target on Arm Holdings plc (NASDAQ:ARM) from $195 to $175 while reaffirming a Buy rating. The revised price target implies a further 66% upside from the current levels. This upside is consistent with the median Wall Street analyst estimate of 61%, based on 43 analysts covering the stock.

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In addition to UBS, Wells Fargo reduced its price target on Arm Holdings plc (NASDAQ:ARM) on January 26. Joseph Quatrochi, an analyst at Wells Fargo, reiterated his Buy rating on the stock while lowering the firm’s price target from $195 to $160. The downward-adjusted price target reflects an additional 51.86% upside from the current levels.

The firm remains optimistic about the company’s long-term prospects, highlighting its strong position to benefit from emerging opportunities in artificial intelligence. Wells Fargo has reduced its revenue projections for 2027 and 2028. It also pointed out that the current street Royalty revenue estimates, which forecast a 27% year-over-year increase, appear overly optimistic.

Arm Holdings plc (NASDAQ:ARM) develops, licenses, and designs central processing unit products and related technologies for original equipment manufacturers and semiconductor companies. Its products are used in different markets, including computing infrastructure, the Internet of Things, automotive, and consumer technologies.

While we acknowledge the risk and potential of ARM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ARM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.