Wolfspeed, Inc. (NYSE:WOLF) Stock Has Average Price Target of $23.33 According to Brokerages

Wolfspeed, Inc. (NYSE:WOLF) has received an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.67.

WOLF has been the topic of several research reports. Susquehanna dropped their price target on shares of Wolfspeed from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 21st. TD Cowen reduced their price objective on Wolfspeed from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday. Zacks Research raised Wolfspeed to a “hold” rating in a research note on Friday, September 25th. Wall Street Zen upgraded Wolfspeed from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings lowered Wolfspeed from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd.

Key Stories Impacting 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

Hedge Funds Weigh In On Wolfspeed

A number of hedge funds and other institutional investors have recently modified their holdings of WOLF. Renesas Electronics America Inc. acquired a new position in shares of Wolfspeed in the 2nd quarter worth approximately $813,126,949. Brooklands Fund Management Ltd bought a new position in shares of Wolfspeed during the 3rd quarter worth approximately $25,376,000. Panview Capital Ltd acquired a new stake in Wolfspeed in the 2nd quarter valued at $6,952,000. Readystate Asset Management LP acquired a new stake in Wolfspeed in the 2nd quarter valued at $6,841,000. Finally, Lazard Asset Management LLC bought a new stake in Wolfspeed in the first quarter valued at $1,796,000.

Wolfspeed Price Performance

NYSE WOLF opened at $23.79 on Tuesday. Wolfspeed has a 12 month low of $13.48 and a 12 month high of $80.82. The firm has a market capitalization of $1.26 billion, a PE ratio of -1.67 and a beta of 8.67. The company’s 50 day simple moving average is $26.29 and its 200 day simple moving average is $30.19.

Wolfspeed (NYSE:WOLF) last released its earnings results on Wednesday, November 4th. The company reported ($2.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.99) by ($0.04). The business had revenue of $155.00 million during the quarter, compared to analysts’ expectations of $149.86 million. Wolfspeed’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period last year, the business earned ($0.55) EPS. Sell-side analysts anticipate that Wolfspeed will post -8.27 earnings per share for the current fiscal year.

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.