ARM INTC Wells Fargo cut its Arm price target to $350 from $410. Analysts pointed to a tough setup into earnings next week, saying they expe
ARM INTC Wells Fargo cut its Arm price target to $350 from $410. Analysts pointed to a tough setup into earnings next week, saying they expect limited change to the chip designer's existing 20% revenue growth forecast for fiscal 2027. Data center is strong, but smartphone and PC markets could offset some of that. We exited Arm this month because of its Extreme volatility. Intel, which reports tomorrow night, is our main bet on the Central processing unit (CPU) renaissance. - per Cramer Investing Club Newsletter
ARM INTC Wells Fargo cut its Arm price target to $350 from $410.
Analysts pointed to a tough setup into earnings next week, saying they expect limited change to the chip designer's existing 20% revenue growth forecast for fiscal 2027.
Data center is strong, but smartphone and PC markets could offset some of that.
We exited Arm this month because of its Extreme volatility.
Intel, which reports tomorrow night, is our main bet on the Central processing unit (CPU) renaissance. - per Cramer Investing Club Newsletter