Arm price target lowered to $145 from $150 at Wells Fargo

Wells Fargo analyst Joe Quatrochi lowered the firm’s price target on Arm (ARM) to $145 from $150 and keeps an Overweight rating on the shares. The firm notes share under pressure post Arm’s lack of formal 2026 guide, while soft guide comments will likely be viewed as slightly below buyside expects. That said, Wells remains positive on Arm’s forward commentary and position to benefit from emerging AI opportunities.