Thanks in large part to the market’s rampant enthusiasm for artificial intelligence (AI) stocks, Arm Holdings (NASDAQ: ARM) stock has soared more than 210% since the start of 2026, and one firm thinks that the stock is poised to rocket even higher.
This new, bullish outlook on Arm stock is driving the semiconductor stock higher during today’s market session
As of 11:36 a.m. ET, shares of Arm are up 13%. This firm sees Arm stock ascending to a new all-time high Maintaining an outperform rating, Mizuho hiked its price target on Arm stock to $360 from $290.
According to Thefly.com, the firm raised its price target on the belief that demand for dynamic random access memory (DRAM), a type of computer memory used to temporarily store data that your computer is actively using, will remain strong through 2027; moreover, Mizuho recognizes that the high bandwidth memory’s total addressable market is growing — two factors that bode well for semiconductor specialist Arm. Based on Arm’s closing price of $302.71, the new price target implies upside of 19%. Should Arm stock, in fact, rise to $360, it will represent a new all-time high.