Susquehanna Maintains Neutral Rating for Wolfspeed: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Susquehanna has maintained its Neutral rating for Wolfspeed (NYSE:WOLF) but lowered its price target from $60.00 to $58.00. Wolfspeed's shares are currently trading up 6.16% at $53.93 per share. A move to $58.00 would represent a 7.55% increase from the current share price.
June 27, 2023 | 5:01 pm
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NEUTRAL IMPACT
Susquehanna has maintained its Neutral rating for Wolfspeed but lowered its price target. This could potentially impact the stock's performance in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. While the maintained Neutral rating suggests that Susquehanna does not expect significant changes in Wolfspeed's performance, the lowered price target might indicate a slightly less optimistic outlook, which could impact the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100