ARM Holdings Downgraded to Sell by Goldman Sachs, Price Target Cut to $120
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
0mins
Source: Benzinga
- ARM Holdings Downgrade: Goldman Sachs analyst James Schneider downgraded ARM Holdings from Neutral to Sell, lowering the price target from $160 to $120, resulting in a 15% stock decline over the past month, with a 52-week low of $80.
- Crane NXT Performance Analysis: Baird analyst Michael Halloran maintained an Outperform rating on Crane NXT but reduced the price target from $88 to $82, leading to a 14% drop in the stock over the past month, with a 52-week low of $41.54.
- BlackBerry Earnings Beat: BlackBerry reported Q3 revenue of $141.8 million, exceeding analyst expectations of $137.4 million, with adjusted earnings of 5 cents per share, surpassing the 4 cents estimate, despite a 13% stock decline over the past five days and a 52-week low of $2.80.
- Market Trends: Despite BlackBerry's strong financial performance, CEO John Giamatteo noted the company achieved its strongest GAAP profitability in nearly four years, yet the stock fell to $3.77, reflecting market caution towards tech stocks.
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Analyst Views on ARM
Wall Street analysts forecast ARM stock price to rise
24 Analyst Rating
19 Buy
4 Hold
1 Sell
Strong Buy
Current: 126.890
Low
120.00
Averages
160.58
High
201.00
Current: 126.890
Low
120.00
Averages
160.58
High
201.00
About ARM
Arm Holdings plc is engaged in operating a global computing platform. It architects, develops, and licenses high-performance and energy-efficient Arm compute platforms. The Company’s principal operations and activities are the licensing, marketing, research and development of central processing unit (CPU) design intellectual property (IP), graphics processors, system IP, market optimized platform IP, and associated software, tools and other related services. Its complementary products include GPU and NPU accelerators, interconnect, and others. Its primary product offerings are CPU products that address diverse performance, power, and cost requirements. It offers a family of GPU and NPU products providing efficient computing acceleration and an optimal visual experience across a wide range of devices. Its CPU, GPU, and System IP products integrated into a foundational compute platform optimized for a specific end market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Arm's Stock Performance: Despite Nvidia's exit, Arm shares rose by 1.89% to $129.29, indicating optimistic market sentiment towards its future performance, likely driven by technical indicators suggesting bullish momentum in the short term.
- Technical Analysis Signals: Arm's stock is currently above short-term moving averages but below both the 100-day and 200-day SMAs, indicating a cautious long-term outlook; investors should monitor key support at $108.50 and resistance at $131.00 for potential trend signals.
- Long-term Performance Challenges: Over the past 12 months, Arm's stock has declined by 19.44%, highlighting the challenges it has faced in the market, which investors should consider when evaluating entry or exit points.
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Nvidia Sells Arm Stake but Maintains Partnership
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- Shareholding History: By the end of Q3, Nvidia held 1.1 million shares of Arm valued at $155.8 million, having maintained its stake since 2023 while gradually winding it down towards the end of 2024, indicating a strategic shift in its investment approach.
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- Positive Market Reaction: Following its Nasdaq debut, ARM's market cap is approximately $135 billion, and Nvidia's stake reduction did not dampen market confidence, as ARM shares rose 1.4% in premarket trading, indicating investor recognition of its long-term growth potential.
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- Oil Price Surge: Oil prices jumped over 4% after U.S. Vice President JD Vance stated that Iran is not yet willing to acknowledge certain
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- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, surpassing expectations of 0.3%, indicating a rebound in capital spending and boosting market confidence in economic recovery.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly exceeding expectations of 1.304 million, suggesting a revival in the real estate market that could drive growth in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which indicates a recovery momentum in manufacturing that may further propel economic growth.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, which will further boost market sentiment and attract investor interest.
See More
Nvidia Fully Exits Arm Holdings Position
- Nvidia's Share Exit: According to CNBC, Nvidia's SEC filing revealed it sold its remaining 1.1 million shares of Arm at the end of Q3, valued at $155.8 million, marking a complete exit from its equity position since Arm's 2023 IPO, which may impact market confidence in Arm.
- Arm's Stock Performance: Despite Nvidia's exit, Arm shares rose by 1.89% to $129.29, indicating optimistic market sentiment towards its future performance, likely driven by technical indicators suggesting bullish momentum in the short term.
- Technical Analysis Signals: Arm's stock is currently above short-term moving averages but below both the 100-day and 200-day SMAs, indicating a cautious long-term outlook; investors should monitor key support at $108.50 and resistance at $131.00 for potential trend signals.
- Long-term Performance Challenges: Over the past 12 months, Arm's stock has declined by 19.44%, highlighting the challenges it has faced in the market, which investors should consider when evaluating entry or exit points.
See More
Stanley Druckenmiller Shifts Portfolio to Brazil Trade
- Strategic Shift: Stanley Druckenmiller's Duquesne Family Office's latest 13F filing reveals a pivot towards the Brazil market (EWZ) while divesting from most Silicon Valley tech stocks, showcasing his keen insight into market inflection points.
- Surge in Options Trading: Druckenmiller not only purchased shares of the Brazilian ETF but also loaded up on EWZ call options, indicating his expectation of a significant upside move in the Brazilian market, thereby enhancing the risk-reward profile of his investments.
- Tech Stock Reduction: To fund his South American expansion, Druckenmiller aggressively trimmed his exposure to big tech and the AI sector; however, he still increased his stake in Alphabet (GOOGL) by 277% in Q4, acquiring 282,800 shares.
- Macro Diversification: By investing in the RSP and XLF ETFs, Druckenmiller is betting on a broader economic catch-up in the U.S., signaling a shift from a “growth at any price” strategy to a value-driven, commodity-heavy, and geographically diverse investment approach.
See More
Nvidia Sells Arm Stake but Maintains Partnership
- Nvidia's Stake Sale: Nvidia's SEC filing on Tuesday revealed it has offloaded its stake in semiconductor firm Arm, yet this does not signify the end of their relationship, as Arm's shares rose 1.4% in premarket trading on Wednesday.
- Shareholding History: By the end of Q3, Nvidia held 1.1 million shares of Arm valued at $155.8 million, having maintained its stake since 2023 while gradually winding it down towards the end of 2024, indicating a strategic shift in its investment approach.
- Market Reaction: When Arm debuted on Nasdaq in 2023, Nvidia was part of a strategic investment group that collectively purchased $735 million in shares, and although its $40 billion acquisition bid failed due to regulatory hurdles, Nvidia retains a 20-year licensing agreement with Arm, continuing to support its technology.
- Financial Performance: Arm's recent earnings report showed a 26% year-on-year sales increase to $1.24 billion, exceeding analyst expectations, although shares fell in after-hours trading, with analysts noting high operating expenses suggest the company is preparing for long-term demand.
See More
Nvidia Sells ARM Stake, Market Reacts Positively
- Nvidia Reduces ARM Stake: Nvidia gradually reduced its stake in ARM by the end of 2024, holding 1.1 million shares valued at $155.8 million; despite the sell-off, Nvidia's 20-year licensing agreement with ARM remains intact, indicating a long-term partnership.
- ARM Earnings Beat Expectations: ARM reported a 26% year-on-year increase in sales to $1.24 billion in its latest earnings report, surpassing analyst expectations and demonstrating strong momentum in AI projects, although its stock fell in after-hours trading, reflecting cautious market sentiment regarding future guidance.
- Positive Market Reaction: Following its Nasdaq debut, ARM's market cap is approximately $135 billion, and Nvidia's stake reduction did not dampen market confidence, as ARM shares rose 1.4% in premarket trading, indicating investor recognition of its long-term growth potential.
- Morgan Stanley Optimistic: Morgan Stanley has an “overweight” rating on ARM with a price target of $135, representing a premium of over 6% from Tuesday's closing price, reflecting a positive outlook on ARM's future performance, particularly in ongoing investments in AI.
See More
