HSBC upgraded its outlook for Arm Holdings plc – Depositary Receipt (NasdaqGS:ARM) from Reduce to Buy on March 20, 2026. The average one-year price target for Arm is set at $147.93 per share, suggesting an upside of 11.70% from its recent closing price of $132.43 per share.
The projected annual revenue for Arm Holdings is $4,357 million, reflecting a decrease of 6.72%. Institutional ownership has declined by 20.20% over the past quarter, with 731 funds reporting positions and total shares owned decreasing by 9.09% to 79,467K shares. The put/call ratio stands at 1.17, indicating a bearish sentiment.
Major shareholders include Goldman Sachs Group, which increased its holdings by 11.99% to 3,874K shares, and Invesco, which raised its allocation by 26.98% to 2,427K shares. Meanwhile, Sustainable Growth Advisers reduced its shareholding by 8.00% to 2,668K shares.
