Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAnushka DuttaSat, June 20, 2026 at 3:45 PM GMT+2 4 min readRecently, analysts at Bernstein SocGen Group raised the price target on chip IP licensing firm Arm Holdings Plc (ARM) from $300 to a Street-high of $500, representing a 66.7% increase. Bernstein analysts maintained a bullish “Outperform” rating on the stock. The reason for this rise was the company’s prospects in the agentic AI market. The analyst pointed out that ARM's architecture is well-suited for agentic AI due to its power efficiency.Agentic AI has taken the AI space by storm, becoming the new Wall Street buzzword. Arm is clearly building for the agentic AI era. In this regard, the company launched its purpose-built Arm AGI CPU in the last quarter, which delivers more than 2x performance per rack compared to x86-based platforms. Ruthlessly driven, the company also expects to achieve its target of $15 billion in sales of its own chips earlier than anticipated due to stronger-than-expected demand.More News from BarchartMark Cuban Says the Stock Market Makes Guys Like Elon Musk ‘Insanely Rich’ — But Eliminating Billionaires Would Trigger the ‘Worst Depression’ Ever SeenDear MicroStrategy Stock Fans, Mark Your Calendars for July 4From ‘Hold’ to ‘Buy’: Here Is Why Truist Just Changed Its Mind on DDOG Stock