Overview
- Arm stock, which surged Wednesday, set a record intraday high of $194.68 and approached a $190 billion market value.
- Investors bought after SoftBank named Arm CEO Rene Haas to lead SoftBank Group International while he keeps running Arm.
- The stock’s jump extends a strong run this year, with gains of about 60% year to date and roughly 75% over one year.
- Valuation is a flash point as InvestingPro flags the shares as overvalued and the price-to-earnings ratio sits near 235.
- Analysts are split on what comes next, with targets from $125 at Goldman (Sell) to $230 at Mizuho, plus $200 at Needham and $210 at Susquehanna (Positive).