A Glimpse Into The Expert Outlook On Wolfspeed Through 13 Analysts

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In the latest quarter, 13 analysts provided ratings for Wolfspeed WOLF, showcasing a mix of bullish and bearish perspectives.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 0 11 0 0
Last 30D 0 0 1 0 0
1M Ago 2 0 8 0 0
2M Ago 0 0 2 0 0
3M Ago 0 0 0 0 0

In the assessment of 12-month price targets, analysts unveil insights for Wolfspeed, presenting an average target of $31.31, a high estimate of $50.00, and a low estimate of $23.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 17.41%.

Deciphering Analyst Ratings: An In-Depth Analysis

An in-depth analysis of recent analyst actions unveils how financial experts perceive Wolfspeed. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Robert Sanders Deutsche Bank Lowers Hold $25.00 $30.00
Atif Malik Citigroup Lowers Neutral $25.00 $29.00
George Gianarikas Canaccord Genuity Lowers Buy $47.00 $50.00
Christopher Rolland Susquehanna Lowers Neutral $23.00 $25.00
Vijay Rakesh Mizuho Lowers Neutral $27.00 $30.00
Matthew Ramsay TD Cowen Announces Hold $25.00 -
Craig Irwin Roth MKM Maintains Buy $50.00 $50.00
Robert Sanders Deutsche Bank Lowers Hold $30.00 $35.00
Christopher Rolland Susquehanna Lowers Neutral $25.00 $35.00
Samik Chatterjee JP Morgan Lowers Neutral $35.00 $43.00
Christopher Rolland Susquehanna Maintains Neutral $35.00 $35.00
Vijay Rakesh Mizuho Announces Neutral $30.00 -
Gary Mobley Wells Fargo Lowers Equal-Weight $30.00 $55.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Wolfspeed. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Wolfspeed compared to the broader market.
  • Price Targets: Analysts predict movements in price targets, offering estimates for Wolfspeed's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Wolfspeed's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Wolfspeed analyst ratings.

Unveiling the Story Behind Wolfspeed

Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.

Wolfspeed: A Financial Overview

Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Growth: Wolfspeed's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 4.21%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Wolfspeed's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -74.19%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Wolfspeed's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -13.71%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.99%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: Wolfspeed's debt-to-equity ratio is notably higher than the industry average. With a ratio of 5.55, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

Analyst Ratings: What Are They?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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