Wolfspeed, Inc. (NYSE:WOLF – Get Free Report) has earned an average rating of “Hold” from the sixteen research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.53.
Several research analysts have weighed in on the company. Canaccord Genuity Group dropped their price target on Wolfspeed from $45.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Bank of America cut their target price on shares of Wolfspeed from $25.00 to $15.00 and set an “underperform” rating for the company in a research note on Friday, August 23rd. The Goldman Sachs Group decreased their price target on shares of Wolfspeed from $48.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Susquehanna cut their price objective on Wolfspeed from $23.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, August 22nd. Finally, Mizuho decreased their target price on Wolfspeed from $28.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd.
Read Our Latest Research Report on Wolfspeed
Institutional Inflows and Outflows
Wolfspeed Price Performance
Shares of Wolfspeed stock opened at $7.62 on Wednesday. The company has a market capitalization of $959.02 million, a price-to-earnings ratio of -1.18 and a beta of 1.53. The company has a quick ratio of 3.85, a current ratio of 4.51 and a debt-to-equity ratio of 6.99. The stock’s 50-day simple moving average is $16.18 and its 200-day simple moving average is $22.66. Wolfspeed has a 52 week low of $7.28 and a 52 week high of $47.43.
About Wolfspeed
Wolfspeed, Inc operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.
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