Wells Fargo & Company Forecasts Strong Price Appreciation for ARM (NASDAQ:ARM) Stock

ARM (NASDAQ:ARM) had its price objective lifted by investment analysts at Wells Fargo & Company from $190.00 to $195.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 25.53% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. TD Cowen upped their target price on shares of ARM from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price objective on shares of ARM in a report on Thursday. The Goldman Sachs Group started coverage on shares of ARM in a report on Thursday, July 10th. They issued a “neutral” rating and a $160.00 price objective for the company. Benchmark reissued a “hold” rating on shares of ARM in a report on Thursday. Finally, BNP Paribas raised shares of ARM from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $110.00 to $210.00 in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.30.

ARM Stock Down 3.0%

Shares of ARM stock traded down $4.85 during trading hours on Thursday, reaching $155.35. 3,681,842 shares of the company’s stock were exchanged, compared to its average volume of 5,303,294. ARM has a 1 year low of $80.00 and a 1 year high of $183.16. The company has a market capitalization of $164.12 billion, a P/E ratio of 235.59, a price-to-earnings-growth ratio of 10.10 and a beta of 4.11. The business has a fifty day moving average of $154.79 and a two-hundred day moving average of $143.97.

ARM (NASDAQ:ARM) last released its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. ARM had a net margin of 16.96% and a return on equity of 15.56%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, research analysts predict that ARM will post 0.9 EPS for the current year.

Hedge Funds Weigh In On ARM

Several hedge funds have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc increased its stake in ARM by 28.2% in the third quarter. Prospera Financial Services Inc now owns 2,379 shares of the company’s stock valued at $337,000 after purchasing an additional 524 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in ARM by 0.3% in the third quarter. Oppenheimer & Co. Inc. now owns 42,602 shares of the company’s stock valued at $6,028,000 after acquiring an additional 125 shares during the period. Western Wealth Management LLC lifted its holdings in ARM by 14.4% in the third quarter. Western Wealth Management LLC now owns 2,171 shares of the company’s stock valued at $307,000 after acquiring an additional 273 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in ARM by 24.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 3,593 shares of the company’s stock valued at $508,000 after acquiring an additional 700 shares during the period. Finally, Modus Advisors LLC lifted its holdings in ARM by 6.8% in the third quarter. Modus Advisors LLC now owns 22,010 shares of the company’s stock valued at $3,114,000 after acquiring an additional 1,402 shares during the period. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.