Arm price target raised to $185 from $162 at Wells Fargo

Wells Fargo raised the firm’s price target on Arm (ARM) to $185 from $162 and keeps an Overweight rating on the shares. With Arm +40% year-to-date and limited forward estimate changes ahead of 2026 guide next quarter, after market close share pressure is justified, the firm says. While shares could take a near-term breather, Wells is positive on Arm’s forward commentary and its positioning to benefit from emerging AI opportunities.