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Wolfspeed Inc has a consensus price target of $44 based on the ratings of 22 analysts. The high is $155 issued by Evercore ISI Group on September 13, 2022. The low is $8 issued by Mizuho on October 3, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Mizuho, and Canaccord Genuity on October 16, 2024, October 3, 2024, and August 29, 2024, respectively. With an average price target of $16 between Morgan Stanley, Mizuho, and Canaccord Genuity, there's an implied 18.61% 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 Morgan Stanley on October 16, 2024. The analyst firm set a price target for $15.00 expecting WOLF to rise to within 12 months (a possible 11.61% upside). 31 analyst firms have reported ratings in the last year.
The latest analyst rating for Wolfspeed (NYSE:WOLF) was provided by Morgan Stanley, and Wolfspeed maintained their equal-weight 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 October 3, 2024 when Mizuho changed their price target from $17 to $8 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 October 16, 2024 so you should expect the next rating to be made available sometime around October 16, 2025.
While ratings are subjective and will change, the latest Wolfspeed (WOLF) rating was a maintained with a price target of $10.00 to $15.00. The current price Wolfspeed (WOLF) is trading at is $13.44, which is within the analyst’s predicted range.
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