TD Cowen Reaffirms Buy Rating for Arm Holdings with $475 Target

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.

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 37.6%

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.

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.