Wolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2025
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Wolfspeed (WOLF) PT Lowered to $8 at JPMorgan
January 30, 2025 5:50 AM ESTJPMorgan analyst Samik Chatterjee lowered the price target on Wolfspeed (NYSE: WOLF) to $8.00 (from $17.00) while maintaining a Neutral rating.
The analyst comments "Wolfspeed managed to steady the ship in relation to quarterly performance; however, the demand drivers remain challenged and still limit visibility into the companys ability to improve financial performance beyond cutting costs to lower break-even. Wolfspeeds commentary on the earnings call highlighted that demand... More
