Canaccord Genuity Reiterates Buy on Wolfspeed, Maintains $72 Price Target
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst George Gianarikas has reiterated a 'Buy' rating on Wolfspeed (NYSE:WOLF) and maintained a price target of $72.
July 06, 2023 | 12:13 pm
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Canaccord Genuity has reiterated a 'Buy' rating on Wolfspeed, maintaining a price target of $72.
The reiteration of a 'Buy' rating by Canaccord Genuity, a well-respected financial institution, is a positive signal for Wolfspeed. The maintained price target of $72 indicates that the analyst believes the stock has potential for growth, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100