Wolfspeed (WOLF) Tops Q2 EPS by 7c ; Offers Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
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
