How analysts reacted to Arm’s results
Arm reported on February 4, 2026 (quarter ended Dec 2025). In the next sessions, 12 Wall Street firms published notes: 10 cut their price target and 1 kept it unchanged. The median target of the 11 firms with a before-and-after figure went from $190 to $170 (−11%). The shares rose 6% on Feb 5, the first session after the report.
Every firm’s call 12
The first note from each firm in the session that reacted to the results and the next two, with its previous target. Since then the shares have gained 86% ($205.97 on Oct 30), against a median target of $170 from these firms. Arm consensus today
| Before After Share price | ||||||
|---|---|---|---|---|---|---|
 Guggenheim | Buy | $201 | $201 | Kept | Feb 5 | |
 Rosenblatt | Buy | $180 | $175 | −3% | Feb 5 | |
 UBS | Buy | $175 | $170 | −3% | Feb 5 | |
 Wells Fargo | Buy | $160 | $150 | −6% | Feb 5 | |
 RBC Capital | Buy | $140 | $130 | −7% | Feb 5 | |
 TD Cowen | — | $190 | $165 | −13% | Feb 5 | |
 KeyBanc | Buy | $200 | $170 | −15% | Feb 5 | |
 Mizuho | Buy | $190 | $160 | −16% | Feb 5 | |
 Jefferies | Buy | $205 | $170 | −17% | Feb 5 | |
 JP Morgan | Buy | $180 | $145 | −19% | Feb 5 | |
 Evercore | Buy | $215 | $170 | −21% | Feb 5 | |
 Needham | Hold | — | — | — | Feb 5 |
Earlier Arm reports
Latest earnings reactions
IntelOct 290 raised · 20 cut · 2 kept25 firms reactedMedian target −23%Shares −29%
RivianOct 290 raised · 4 cut · 3 kept7 firms reactedMedian target 0%Shares +6%
Alphabet (Google)Oct 280 raised · 22 cut · 3 kept26 firms reactedMedian target −11%Shares −13%
KLAOct 281 raised · 10 cut · 0 kept11 firms reactedMedian target −10%Shares +5%
MicrosoftOct 2822 raised · 0 cut · 2 kept25 firms reactedMedian target +5%Shares 0%
Lam ResearchOct 210 raised · 6 cut · 0 kept6 firms reactedMedian target −10%Shares −12%How this works: the earnings date and EPS figures come from Nasdaq. The calls are the notes in our database from the session that reacted to the results and the next two, one per firm (its first); for reports after the close, notes dated the report day are treated as previews and left out. “Before” is the previous target quoted in the note or, if missing, the firm’s last target in our database. The median target uses firms with both figures. The share move compares the close before the reaction session with the close of the session that moved most (the report day or the next one). Which firms’ targets come true