ARM is trading about 2.8% up in pre-market at $344.75 after Mizuho raised its price target to $360, citing the company's pivotal role in AI data-center CPUs.
- Mizuho reiterated its Outperform rating, increasing the target from $290 to $360 as investors bet on AI infrastructure growth.
- The stock reached a new all-time high of $349.42 on May 28, 2026, following a massive late-May rally tied to AI enthusiasm.
- The bullish sentiment is driven by ARM's expanding footprint in the high-performance computing and data-center markets.