Arm Holdings Price Target Hits $500, Citing Mizuho's AI ASIC Outlook

Mizuho Securities raised its price target for Arm Holdings to $500 from $425. The firm maintained its Outperform rating on the stock. Accelerating artificial intelligence growth and developments from the Computex 2026 conference in Taiwan drove the upgrade.

Mizuho highlighted Arm's expanding AGI CPU platform with partners including Oracle and ByteDance. The firm expects Arm to reach its artificial general intelligence CPU revenue targets ahead of schedule. Analysts identified a new market opportunity via a potential AI ASIC launch in late 2026 or early 2027.