Jefferies Lifts Arm Price Target to $320 on AI-Driven CPU Demand Surge
Jefferies, a leading investment bank, raised its price target on Arm Holdings to $320 from $290, maintaining a 'buy' rating. The upgrade is driven by surging demand for Arm's AGI CPUs due to agentic artificial intelligence. Jefferies now forecasts Arm's AGI CPU revenue at $18 billion by fiscal 2031, exceeding the company's own $15 billion guidance. Key customers are expected to include Meta, OpenAI, Oracle, and ByteDance. The bank also noted that Arm's total addressable market for CPUs has expanded to $200 billion, with Arm expected to capture at least a 15% share. Jefferies highlighted rising royalty rates in data centers and potential GPU royalties from SoftBank's planned chip launch. The new target implies 20% upside from the current share price of $267.19.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page itself is projected from evidence records.
- Current automated evidence projection