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ARM (NASDAQ:ARM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says
Wells Fargo & Company has raised its price target on ARM (NASDAQ:ARM) to $255.00, maintaining an “overweight” rating and suggesting an 18.73% upside. This comes after ARM exceeded quarterly estimates and reported over $2 billion in demand for its new Arm AGI data-center CPUs, despite warnings about smartphone market weakness and potential supply constraints. Insiders, including the CEO and CFO, have sold significant shares recently, alongside institutional buying activity.