Wolfspeed (WOLF) stock slips as guidance disappoints
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Wolfspeed (WOLF) PT Lowered to $31 at JPMorgan
May 2, 2024 7:39 AM EDTJPMorgan analyst Samik Chatterjee lowered the price target on Wolfspeed (NYSE: WOLF) to $31.00 (from $35.00) while maintaining a Neutral rating.
The analyst comments "Wolfspeeds F3Q24 (Mar-end) results and outlook were once again plagued by headwinds in the Industrial & Energy (I&E) market, led by an inventory build-up across channels, particularly in Asia, as the company is guiding for another step down in Durham-Power Product revenue in F4Q24 ($62.5 mn vs. $74 mn in F3Q and $96 mn in F2Q). Importantly, the aforementioned... More
Wolfspeed (WOLF) PT Lowered to $23 at Susquehanna
May 2, 2024 7:18 AM EDTSusquehanna analyst Christopher Rolland lowered the price target on Wolfspeed (NYSE: WOLF) to $23.00 (from $25.00) while maintaining a Neutral rating.... More
Wolfspeed (WOLF) PT Lowered to $27 at Mizuho
May 2, 2024 6:45 AM EDTMizuho analyst Vijay Rakesh lowered the price target on Wolfspeed (NYSE: WOLF) to $27.00 (from $30.00) while maintaining a Neutral rating.... More
Wolfspeed (WOLF) PT Lowered to $25 at Citi
May 2, 2024 6:00 AM EDTCiti analyst Atif Malik lowered the price target on Wolfspeed (NYSE: WOLF) to $25.00 (from $29.00) while maintaining a Neutral rating.
The analyst comments "WOLF stock was down 5% after-hours as Mohawk Valley Fab (MVF) outperformance was offset by the Mar-Q margin miss as well as the... More
Wolfspeed (WOLF) PT Lowered to $47 at Canaccord Genuity
May 2, 2024 5:56 AM EDT(Updated - May 2, 2024 5:57 AM EDT)
Canaccord Genuity analyst George Gianarikas lowered the price target on Wolfspeed (NYSE: WOLF) to $47.00 (from $50.00) while maintaining a Buy rating.
The analyst commented: "We see a few levers for value creation from here. While negative earnings... More
William Blair Downgrades Wolfspeed (WOLF) to Market Perform
May 2, 2024 5:18 AM EDT(Updated - May 2, 2024 7:06 AM EDT)
William Blair analyst Jed Dorsheimer downgraded Wolfspeed (NYSE: WOLF) from Outperform to Market Perform.
The analyst comments "Downgrading to Market Perform on Reset of Mohawk Valley Ramp . We have been willing to look... More
TD Cowen Downgrades Wolfspeed (WOLF) to Hold
May 2, 2024 5:02 AM EDT(Updated - May 2, 2024 12:43 PM EDT)
TD Cowen analyst Matthew Ramsay downgraded Wolfspeed (NYSE: WOLF) from Buy to Hold with a price target of $25 from $40.
"We had and still believe in Wolfspeed's pole position in 200mm materials/devices capturing... More
