TD Cowen Raises its Price Target on Arm Holdings (ARM)

Arm Holdings plc (NASDAQ:ARM) is one of the 15 Best AI Stocks That Will Make You Rich in 10 Years.

On June 24, 2026, TD Cowen raised its price target on Arm Holdings plc (NASDAQ:ARM) to $475 from $265 and kept a Buy rating. TD Cowen said agentic AI is shifting more work from the “thinking” handled by GPUs to the “doing” handled by CPUs, making CPUs an AI beneficiary.

Also on June 24, UBS raised its price target on Arm Holdings plc (NASDAQ:ARM) to $470 from $260 and kept a Buy rating.

TD Cowen Raises its Price Target on Arm Holdings (ARM)

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On June 23, BofA analyst Vivek Arya raised the firm’s price target on Arm to $460 from $335 and kept a Neutral rating. Arya updated BofA’s semiconductor industry models and price objectives to reflect updated industry estimates, including a higher calendar year 2030 total semiconductor industry addressable market forecast of $2.7T, up from $2.3T. BofA said the increase was led mostly by memory and data center growth, with additional support from recovery in auto and industrial markets.

Arm Holdings plc (NASDAQ:ARM) researches, develops, licenses, and markets CPU IP, graphics processing unit IP, systems IP, compute subsystems, and associated software, tools, and related services.

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 the cheapest AI stock.

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