BofA Downgrades Arm to Neutral, Lowers Price Target Ahead of Q3 Results
DATA AND AI INFRASTRUCTURE
BofA downgraded Arm's rating to Neutral from Buy and reduced the price target to $120 from $145 before Q3 FY 2026 results on Feb. 4. Key risks include smartphone headwinds, reliance on SoftBank for licensing, and limited data center exposure. Potential revenue slowdown may arise from lower smartphone units and licensing declines.
Jan 14, 2026, 2:58 PM
