TD Cowen Forecasts Strong Price Appreciation for ARM (NASDAQ:ARM) Stock

ARM (NASDAQ:ARM) had its target price increased by research analysts at TD Cowen from $175.00 to $190.00 in a report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 24.69% from the stock’s current price.

Several other equities research analysts have also issued reports on ARM. KeyCorp reissued an “overweight” rating and set a $190.00 price target (up from $175.00) on shares of ARM in a research report on Thursday, July 31st. Seaport Res Ptn upgraded ARM to a “strong-buy” rating in a research report on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of ARM in a research report on Wednesday, October 8th. BNP Paribas upgraded ARM from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $110.00 to $210.00 in a report on Wednesday, July 16th. Finally, Morgan Stanley decreased their price target on shares of ARM from $180.00 to $171.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $178.55.

ARM Trading Down 3.7%

Shares of ARM stock opened at $152.38 on Thursday. ARM has a twelve month low of $80.00 and a twelve month high of $183.16. The company has a fifty day moving average price of $155.38 and a 200 day moving average price of $144.45. The stock has a market cap of $160.99 billion, a price-to-earnings ratio of 195.36, a price-to-earnings-growth ratio of 9.94 and a beta of 4.11.

ARM (NASDAQ:ARM) last announced its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. ARM had a return on equity of 15.03% and a net margin of 18.81%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. The company’s revenue was up 34.5% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. Analysts forecast that ARM will post 0.9 earnings per share for the current year.

Institutional Trading of ARM

Several large investors have recently made changes to their positions in ARM. Goldman Sachs Group Inc. increased its holdings in shares of ARM by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company’s stock valued at $702,129,000 after purchasing an additional 2,446,224 shares in the last quarter. Sustainable Growth Advisers LP boosted its holdings in ARM by 116.8% during the second quarter. Sustainable Growth Advisers LP now owns 3,457,220 shares of the company’s stock worth $559,171,000 after buying an additional 1,862,626 shares during the last quarter. Schroder Investment Management Group boosted its stake in ARM by 41.7% during the 2nd quarter. Schroder Investment Management Group now owns 4,745,957 shares of the company’s stock worth $767,611,000 after acquiring an additional 1,396,684 shares during the last quarter. Invesco Ltd. grew its holdings in shares of ARM by 139.9% in the 2nd quarter. Invesco Ltd. now owns 1,381,906 shares of the company’s stock valued at $223,509,000 after buying an additional 805,886 shares during the period. Finally, Baillie Gifford & Co. bought a new stake in shares of ARM in the third quarter worth about $90,678,000. Institutional investors own 7.53% of the company’s stock.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.