Wells Fargo analyst Joe Quatrochi lowered the firm’s price target on Arm (ARM) to $150 from $185 and keeps an Overweight rating on the shares. Despite a -32% stock move in Arm since Q3 EPS, the firm says it is cautious into Q4 EPS on May 7 and views investor positioning as short. Wells expects initial 2026 revenue guide likely below the Street’s +22% year-over-year.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARM:
- Optimistic Buy Rating for ARM Holdings Driven by Strategic Positioning and Growth Potential
- Arm price target lowered to $125 from $155 at Barclays
- Analysts Warn that Chip Export Rules Will Hurt More than Just Nvidia Stock (NVDA)
- Cadence Design to acquire Artisan foundation IP business from Arm
- Arm price target lowered to $144 from $180 at BofA