Bernstein Lifts Arm Share Price to Record High on $300 Target

Arm share price hit a new all-time high on Wednesday after Bernstein assigned Arm Holdings PLC an outperform rating and a $300 price target. The stock touched $259.44 intraday and finished the session up 15.05 percent at $256.73 a share, extending its winning streak to a third straight day.

Bernstein's $300 Target

Bernstein said the target implied 16.8 percent upside from the latest closing price. The firm said Arm stands to largely benefit from the renaissance of CPUs for agentic AI and expects the company to capture a fourfold increase in CPU market share over the next four years to hit $137 billion.

Bernstein also said, "Arm stands out in server CPUs given its unparalleled power efficiency."

Arm Holdings Earnings

The stock move followed a fiscal fourth quarter that showed higher sales and profit. Arm reported net income of $313 million, up 49 percent from $210 million a year earlier, and revenue of $1.49 billion, up 20 percent from $1.241 billion.

Arm also guided first-quarter fiscal 2027 revenue to $1.26 billion plus or minus $50 million, a forecast that implies a 19.6 percent increase from $1.053 billion in the same period a year earlier.

Wednesday's Trading Range

For investors watching the stock, the immediate signal is that the market has already responded sharply to Bernstein's call. The new record came in a single session, with the share price finishing well below the intraday peak but still at its highest closing level to date.

That leaves Bernstein's $300 target as the next visible reference point in the stock's trading story, with Arm already closing more than halfway there after Wednesday's rally.