Wells Fargo Arm

Wells Fargo Lowers Arm Holdings Price Target to $280

1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$280
from $350 (−20%)
Outcome
Reached
on August 4, 2026
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What the analyst said

Wells Fargo analyst Joe Quatrochi lowered the price target on Arm Holdings (NASDAQ: ARM) to $280 (from $350) while maintaining an Overweight rating.

“Arm’s F1Q27 was mixed: 1) Positive rpt’d royalty upside; 2) lower F2027 Royalty growth expects; offset by stronger non-SB license growth; 3) AGI update of >$2B of demand & raised confidence to deliver >$1B in F27 + F28; await detail in F3Q27.

PT $280 Updated Estimates. We expect limited change to consensus estimates.

We move our F2027, F2028, F2029 revenue / EPS ests to $6.00B / $2.21, $7.88B / $3.00, and $10.20B / $3.73 (vs. prior $5.91B / $2.08, $7.88B / $3.02, and $10.10B / $3.65).

Given multiple compression across semis, we reduce our PT to $280 (was $350) – 93x P/E & 71x EV/EBITDA our F2028E ests. as we expect shares to be driven by AGI momentum / ability to meet demand.”

Disclaimer
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Where the price stands

ARM trades at $197. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $280 target is 42% below the median, the lowest on the Street.

Since the note ARM has moved −12% (from $225). 12-month window: day 95 of 365, closes on July 30, 2027.

Track record

This call✓ Target reached on August 4, 2026, 5 days after the note.

Firm track recordWells Fargo: 65% of its 34 targets at least a year old were reached within 12 months (#22 of 26 firms). Accuracy ranking →

Earnings reactionOne of 12 notes after Arm’s Jul 29 results: 2 raised · 7 cut · 2 kept. See every call →

Wells Fargo on Arm

Wells Fargo price targets on Arm

8 calls from February 24, 2026 to July 30, 2026. The target went from $150 to $280 (+87%). The rating stayed Buy.

Wells Fargo targetARM share price
  1. July 30, 2026 This noteTarget cut from $350 (−20%)Buy$280
  2. July 22, 2026Target cut from $410 (−15%)Buy$350
  3. June 1, 2026Target raised from $255 (+61%)Buy$410
  4. May 7, 2026Target raised from $220 (+16%)Buy$255
  5. April 29, 2026Target raised from $175 (+26%)Buy$220
  6. April 1, 2026Target raised from $165 (+6%)Buy$175
  7. March 25, 2026Target raised from $150 (+10%)Buy$165
  8. February 24, 2026Earliest call shownBuy$150
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Other analysts on Arm

StoneXHold Kept rating Oct 26 Piper SandlerBuy Initiated coverage Sep 10 $320 Raymond JamesBuy Raised price target +13%, kept rating Aug 25 $641from $565 RosenblattBuy Cut price target −7%, kept rating Jul 31 $250from $270 UBSBuy Cut price target −11%, kept rating Jul 30 $320from $360
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.