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Wolfspeed Inc has a consensus price target of $44.45 based on the ratings of 22 analysts. The high is $155 issued by Evercore ISI Group on September 13, 2022. The low is $14 issued by Deutsche Bank on August 22, 2024. The 3 most-recent analyst ratings were released by Canaccord Genuity, B of A Securities, and Deutsche Bank on August 29, 2024, August 23, 2024, and August 22, 2024, respectively. With an average price target of $18 between Canaccord Genuity, B of A Securities, and Deutsche Bank, there's an implied 121.13% upside for Wolfspeed Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Wolfspeed (NYSE:WOLF) was reported by Canaccord Genuity on August 29, 2024. The analyst firm set a price target for $25.00 expecting WOLF to rise to within 12 months (a possible 207.13% upside). 38 analyst firms have reported ratings in the last year.
The latest analyst rating for Wolfspeed (NYSE:WOLF) was provided by Canaccord Genuity, and Wolfspeed maintained their buy rating.
The last upgrade for Wolfspeed Inc happened on October 24, 2022 when JP Morgan raised their price target to $160. JP Morgan previously had a neutral for Wolfspeed Inc.
The last downgrade for Wolfspeed Inc happened on August 7, 2024 when New Street Research changed their price target from N/A to $18 for Wolfspeed Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Wolfspeed, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Wolfspeed was filed on August 29, 2024 so you should expect the next rating to be made available sometime around August 29, 2025.
While ratings are subjective and will change, the latest Wolfspeed (WOLF) rating was a maintained with a price target of $45.00 to $25.00. The current price Wolfspeed (WOLF) is trading at is $8.14, which is out of the analyst’s predicted range.
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