TD Cowen Rates ARM buy, $475 Price Target

TD Cowen analyst Krish Sankar maintains a buy rating for Arm Holdings, setting a price target of $475, a 42.69% upside from the current price.

By EarningsIQ Research Desk · Published Jun 24, 2026, 11:01 AM EDT · Updated Jun 26, 2026, 3:02 PM EDT

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TD Cowen rated Arm Holdings plc ($ARM) "buy" with a $475 price target on June 24, 2026.

Since the rating, $ARM is down 6.0% after 1 week, down 27.6% after 1 month and down 36.6% to date (from the $359.08 close on Jun 24, 2026).

ARM Arm Holdings plc

$227.80 +98.55% year to date

Daily close · Oct 16, 2026

Key Points

TD Cowen reiterated its buy rating for Arm Holdings (ARM) with a price target of $475 on June 24, 2026.
TD Cowen's $475 price target implies 42.69% upside from Arm Holdings plc's ($ARM) current $332.89 share price.
Arm Holdings traded near $370.5 on Wednesday, with a market cap around $433.8 billion and a P/E ratio of 491.2.
DZ Bank significantly increased its Arm Holdings stake by 7.2 million shares to 9.4 million shares, valued at approximately $1.42 billion.

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On June 24, 2026, TD Cowen analyst Krish Sankar reiterated a buy rating for Arm Holdings plc (NasdaqGS: ARM) with a price target of $475. This reaffirmation comes as shares of Arm traded near $370.5 on Wednesday.

Analyst rating track record

TD Cowen vs. the S&P 500

YTD return -39.44% hypothetical

All-time return -3.38% S&P 500 +41.28%

vs. S&P 500 -44.66% behind the index

Hypothetical returns from TD Cowen's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

TD Cowen maintained its buy rating for Arm Holdings with a price target of $475. On the same day, UBS also maintained its buy rating, setting a slightly lower target of $470. Earlier, on June 23, B of A Securities kept its hold rating with a target of $460. Meanwhile, Mizuho has set the highest target at $500, reaffirming its buy stance on June 4.

Other Institutional Activity in Arm Holdings

DZ Bank AG Deutsche Zentral Genossenschafts Bank increased its holdings in Arm Holdings significantly, adding 7.2 million shares to hold a total of 9.4 million shares worth about $1.42 billion, marking a 339.9% increase. Morgan Stanley also added 680,809 shares, bringing its total to 4.5 million shares valued at approximately $675.3 million, an 18% increase. Capital Research Global Investors boosted its stake by 2.4 million shares, ending with 4.2 million shares valued at $638.1 million, reflecting a 133.7% increase.

Arm Holdings plc Stock Up 39.9%

Shares of Arm Holdings traded near $370.5 on Wednesday. The company has a substantial market cap of about $433.8 billion. Its P/E ratio stands at 491.2, while the forward P/E is 132.2. The stock's beta is notably high at 3.8, indicating significant volatility. Over the past year, the stock's price ranged from a low of $100.02 to a high of $452.7. Arm's 50-day moving average is $264.53, and its 200-day moving average is $167.83.

12-month forecast

$ARM price target

Arm Holdings plc daily closes and this analyst's $475 target. Not advice.

Insider Buying and Selling at Arm Holdings plc

Several insiders at Arm Holdings have been selling shares recently. On June 2, 2026, Chief Accounting Officer Laura Kathleen Bartels sold 11,306 shares at an average price of $392.70. Chief Commercial Officer William Abbey sold shares on multiple occasions, including 6,566 shares at $402.72 on June 1 and 4,200 shares at $343.81 on May 28. Chief People Officer Charlotte Claire Eaton sold 7,805 shares at $290.01 on May 21.

About Arm Holdings

Arm Holdings plc, headquartered in Cambridge, United Kingdom, is a leading player in the semiconductor industry. The company specializes in the research, development, and licensing of CPU and GPU intellectual property, along with systems IP and compute subsystems. Arm serves a diverse range of markets including smartphones, consumer electronics, and automotive, providing essential technology to semiconductor companies and OEMs worldwide. The company operates as a subsidiary of SoftBank Group Corp and employs over 9,500 people.

Bottom Line

Arm Holdings continues to attract attention from analysts and institutional investors alike, with TD Cowen's reaffirmation of a buy rating underscoring confidence in the company's prospects. The stock's high volatility is reflected in its market performance, but Arm's leadership in technology innovation remains a critical focus for investors. As always, 13F filings and analyst ratings provide a backward-looking view and should be considered as part of a broader investment strategy.