Wolfspeed, Inc.

In the latest quarter, 13 analysts provided ratings for Wolfspeed (NYSE:WOLF), showcasing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 11 0 0 Last 30D 0 0 1 0 0 1M Ago 2 0 8 0 0 2M Ago 0 0 2 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Wolfspeed, presenting an average target of $31.31, a high estimate of $50.00, and a low estimate of $23.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 17.41%. Deciphering Analyst Ratings: An In-Depth Analysis An in-depth analysis of recent analyst actions unveils how financial experts perceive Wolfspeed. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Robert Sanders Deutsche Bank Lowers Hold $25.00 $30.00 Atif Malik Citigroup Lowers Neutral $25.00 $29.00 George Gianarikas Canaccord Genuity Lowers Buy $47.00 $50.00 Christopher Rolland Susquehanna Lowers Neutral $23.00 $25.00 Vijay Rakesh Mizuho Lowers Neutral $27.00 $30.00 Matthew Ramsay TD Cowen Announces Hold $25.00 - Craig Irwin Roth MKM Maintains Buy $50.00 $50.00 Robert Sanders Deutsche Bank Lowers Hold $30.00 $35.00 Christopher Rolland Susquehanna Lowers Neutral $25.00 $35.00 Samik Chatterjee JP Morgan Lowers Neutral $35.00 $43.00 Christopher Rolland Susquehanna Maintains Neutral $35.00 $35.00 Vijay Rakesh Mizuho Announces Neutral $30.00 - Gary Mobley Wells Fargo Lowers Equal-Weight $30.00 $55.00 Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it ...Full story available on Benzinga.com

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The silicon carbide chipmaker delivered disappointing results and guidance, but should investors buy the dip in this activist target?

Related tickers: WOLF, TD.