BofA Retains a Neutral rating on Arm Holdings plc (ARM)

Arm Holdings plc (NASDAQ:ARM) is among the Most Volatile Stocks.

On February 9, 2026, BofA increased  Arm Holdings plc (NASDAQ:ARM) price objective to $135 from $115 while keeping a Neutral rating. Following Q4 earnings, the firm’s capex tracker revealed that global hyperscale capex reached $148 billion in Q4, up 14% quarter on quarter and 66% year on year. BofA forecasts capex of $748 billion in 2026 and $869 billion in 2027, representing a 56% and 16% surge, respectively. The firm updated objectives for businesses exposed to AI capex buildout.

RBC Capital cut Arm Holdings plc (NASDAQ:ARM)’s price objective to $130 from $140 and maintained its Outperform rating following Q3 earnings. RBC Capital noted a softer Q4 royalty growth expectation while citing management’s confidence in maintaining 20% growth in FY27.

On February 4, 2026, Arm Holdings plc (NASDAQ:ARM) reported fiscal Q3 sales of $1.24 billion, up 26% year on year, marking its fourth straight billion-dollar quarter. Royalty sales climbed 27% YoY to $737 million, while license and other revenue jumped 25% to $505 million YoY.

Arm Holdings plc (NASDAQ:ARM) is involved in the licensing, marketing, research, and development of microprocessors, system IP, graphics processing units, physical IP, and associated systems IP, software, and tools. It functions in three geographic segments: the United Kingdom, the United States, and other countries.

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