How much did BofA raise the price target for ARM?

Bank of America raised the price target by 37%, but the new target was not disclosed.

Why did BofA upgrade ARM?

Analysts believe ARM benefits from demand for chip design licenses in AI and IoT.

Arm Holdings Jumps 11% on BofA Upgrade, 37% PT Hike

Arm Holdings (ARM) shares jumped 11.27% after Bank of America raised its price target by 37%, driven by bullish outlook for the semiconductor industry.

June 13, 2026

2 min read

Source: Insider Monkey

Key Numbers

price up percent

11.27

close price

380.81

pt up percent

Arm Holdings PLC (NASDAQ:ARM) saw its shares surge 11.27% on Friday to close at $380.81, after Bank of America issued a highly optimistic outlook for the broader semiconductor sector and raised the stock's price target by 37%.

Rating Change

Bank of America raised its price target for Arm Holdings by 37%, though the exact new target was not disclosed. The previous rating was not specified, but the upgrade signals a positive shift.

Analyst Rationale

BofA analysts believe Arm Holdings benefits from rising demand for chip design licenses, particularly in AI and IoT. The company's expansion into new markets also supports growth prospects.

Context

The upgrade comes amid a strong performance in the semiconductor sector, with several stocks posting gains. Arm was among the top gainers recently. Other analysts have not yet commented on the change.

What to Make of It

The BofA upgrade reflects confidence in Arm's strategy, but investors should monitor market trends and competition in the semiconductor space.

Frequently Asked Questions

Arm Holdings shares rose 11.27% to close at $380.81.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.