Wells Fargo Lifts PT on Arm Holdings (ARM), Says Q4 2026 Appears Tough

Arm Holdings plc (NASDAQ:ARM) is one of the top semiconductor stocks in our ranking of the top 10 chip stocks by YTD performance. Arm Holdings plc (NASDAQ:ARM) received a rating update from Wells Fargo on April 29. The firm lifted the price target on the stock to $220 from $175, reaffirming an Overweight rating on the shares. Wells stated that although it is continuing to adopt a positive outlook on the company’s long-term position to benefit from emerging AI opportunities, fiscal Q4 2026 appears to be a tougher setup. This holds in a backdrop featuring the recent move in shares, along with expectations for Arm Holdings plc (NASDAQ:ARM) to likely reiterate 2027 revenue guide in line with the Street’s up 20% year-over-year.

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Arm Holdings plc (NASDAQ:ARM) also received a rating update from Susquehanna on April 16. The firm lifted the price target on the stock to $210 from $170 and maintained a Positive rating on the shares. It updated its model ahead of the fiscal Q1 results, where ARM-based CPU royalties are expected to partially offset ongoing weakness in smartphone-related royalty revenues. Overall, Susquehanna sees the risk/reward as attractive, underpinned by long-term TAM expansion from AI/AGI CPU opportunities, which it believes can support EPS above $10 over the next several years.

Arm Holdings plc (NASDAQ:ARM) is involved in the licensing, research, marketing, and development of systems IP, microprocessors, graphics processing units, physical IP and associated systems IP, software, and tools. Its operations are divided into the following geographical segments: the United Kingdom, the United States, and Other Countries.

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