TD Cowen Issues Pessimistic Forecast for Wolfspeed (NYSE:WOLF) Stock Price

Wolfspeed (NYSE:WOLF) had its target price decreased by equities research analysts at TD Cowen from $25.00 to $23.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen‘s price objective would suggest a potential downside of 3.32% from the stock’s previous close.

WOLF has been the topic of a number of other reports. Weiss Ratings lowered Wolfspeed from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Susquehanna dropped their price objective on Wolfspeed from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. Wall Street Zen downgraded Wolfspeed from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 19th. Finally, Zacks Research raised Wolfspeed to a “hold” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.67.

Wolfspeed Stock Performance

Wolfspeed stock traded up $3.43 during mid-day trading on Thursday, reaching $23.79. The company’s stock had a trading volume of 4,022,298 shares, compared to its average volume of 4,750,855. Wolfspeed has a 12-month low of $13.48 and a 12-month high of $80.82. The company has a market capitalization of $1.26 billion, a P/E ratio of -1.67 and a beta of 8.67. The firm’s fifty day moving average price is $26.29 and its two-hundred day moving average price is $30.19.

Wolfspeed (NYSE:WOLF) last issued its earnings results on Wednesday, November 4th. The company reported ($2.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.99) by ($0.04). The business had revenue of $155.00 million for the quarter, compared to analyst estimates of $149.86 million. Wolfspeed’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.55) earnings per share. On average, research analysts predict that Wolfspeed will post -8.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Penn Capital Management Company LLC increased its holdings in shares of Wolfspeed by 12.4% in the third quarter. Penn Capital Management Company LLC now owns 577,475 shares of the company’s stock worth $16,270,000 after purchasing an additional 63,500 shares during the period. CenterBook Partners LP bought a new stake in Wolfspeed during the third quarter valued at $2,990,000. Prescott Group Capital Management L.L.C. purchased a new position in Wolfspeed during the third quarter worth about $3,094,000. Brooklands Fund Management Ltd purchased a new position in Wolfspeed during the third quarter worth about $25,376,000. Finally, Apollon Wealth Management LLC purchased a new position in Wolfspeed during the third quarter worth about $246,000.

Trending Headlines about Wolfspeed

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed announced a $1.5 billion government loan commitment, which could support its funding needs and operations. Article: Wolfspeed’s Latest Quarter: Progress, and a Long Way to Go
• Neutral Sentiment: The company commercially introduced transparent silicon-carbide technology targeting augmented reality and quantum computing. These are potential new markets, though the articles provide no indication of near-term revenue impact. Article: Wolfspeed commercially introduces transparent SiC technology
• Negative Sentiment: Fiscal Q1 2027 results showed a $2.03 per-share loss, missing the $1.99 consensus loss, while revenue fell 21.2% year over year to $155 million. Revenue did exceed analysts’ expectations of $149.86 million, but the deeper loss and declining sales help explain the negative reaction to the report. Article: Wolfspeed Shares Slide After Q1 Earnings Print
• Negative Sentiment: TD Cowen cut its price target from $25 to $23 and maintained a “hold” rating, signaling limited expected upside at the time of its update. Article: Wolfspeed Given New $23 Price Target at TD Cowen

Wolfspeed Company Profile

Wolfspeed, Inc is a semiconductor company focused on silicon carbide (SiC) technologies. Its products are designed to support the conversion and management of electrical power in applications that require high efficiency, high voltage, and operation at elevated temperatures.

The company develops and manufactures SiC power devices, including metal-oxide-semiconductor field-effect transistors, diodes, power modules, and related components. It also produces SiC materials such as wafers and epitaxial substrates used by semiconductor manufacturers.