Arm Holdings is transitioning its royalty revenue focus from smartphones to data centers, where royalties have more than doubled year over year. Despite a strong 104% year-to-date rally, the stock trades at a high forward multiple of 94x, reflecting high expectations. Upcoming factors that could influence the stock include the ramp-up of Arm's AGI CPU product and a critical trial against Qualcomm expected in Q4 2026. Analysts generally recommend holding the stock, with a price target of $238.17, as risks like margin pressure and litigation remain significant.
Arm Holdings trades at USD 211.83 on Pluang as of Oct 23, 2026 23:11 WIB, up 0.82% for the day. Despite its 104% rally this year noted in the article, the stock remains well below its 52-week high of USD 439.46. Meanwhile, Qualcomm shares are priced at USD 175.19, gaining 1.37% on the same day, with a typical hold time on Pluang of 88 days compared to Arm's 29 days, reflecting different investor behaviors around these tech names.
