Mizuho analyst Vijay Rakesh reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), and Arm Holdings Plc (NASDAQ:ARM).
The analyst raised the price target of Arm from $100 to $160, given further custom silicon and mobile upside.
Rakesh raised the price target of Nvidia to $1,000 (from $850), Broadcom to $1,550 (from $1,450), and AMD to $235 (from $200), citing multiple expansion with multiple catalysts ahead. The stock prices of Nvidia, Broadcom, and Arm are trading higher Thursday.
The analyst highlighted Arm’s accelerating custom silicon roadmap with Neoverse N3 and V3 and foundry collaboration with Intel Corp (NASDAQ:INTC).
Arm remains the unquestioned leader in the mobile CPU space with >99% market share, with potential for further revenue ramps as more OEMs move to v9 platforms, per Rakesh.
The analyst maintained his fiscal 2025 revenue and EPS at $4.0 billion and $1.52 (cons. $3.9 billion ...