Mizuho Securities analysts increased the price target for Arm Holdings (NASDAQ:ARM) from $62.00 to $75.00, while maintaining their Buy rating. The analysts highlighted Arm Holdings as a significant semiconductor IP provider, benefiting from trends in processor efficiency and AI.
The analysts pointed to Arm’s Total Compute Solution platform, offering new opportunities in partnerships with Chinese handset OEMs and potential developments with Samsung’s Exynos 2400 expected in late 2024.
Additionally, new AI Compute Custom ARM silicon, like the Cobalt series and NVDA’s Grace, is expected to contribute positively to Arm’s growth into 2024-2025.