The firm's forecast implies more than 24% upside from Tuesday's $52.29 close. "ARM stands to benefit as computing requirements across mobile, data center, auto, and IoT become increasingly more demanding and complex," analyst John Vinh said in a Tuesday note, noting the growing chip design complexity within the industry. "This will only increase the industry's reliance on Arm IP, ultimately resulting in royalty rate expansion and market share gains." Shares of Arm dipped 1.1% during premarket hours. The company went public in mid-September. ARM YTD mountain Arm Holdings stock.