Shares of Wolfspeed, Inc. (NYSE:WOLF – Get Free Report) have received an average rating of “Hold” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $37.27.
A number of research firms have recently commented on WOLF. Citigroup cut their target price on Wolfspeed from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Wolfspeed from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Susquehanna decreased their target price on shares of Wolfspeed from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. William Blair cut shares of Wolfspeed from an “outperform” rating to a “market perform” rating in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Wolfspeed from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th.
View Our Latest Analysis on WOLF
Hedge Funds Weigh In On Wolfspeed
Wolfspeed Stock Performance
Wolfspeed stock opened at $25.93 on Thursday. The stock’s 50 day moving average is $26.62 and its 200 day moving average is $31.95. The company has a market capitalization of $3.26 billion, a P/E ratio of -4.01 and a beta of 1.64. Wolfspeed has a twelve month low of $20.63 and a twelve month high of $70.42. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 5.55.
Wolfspeed Company Profile
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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