Goldman Sachs Maintains Buy on Wolfspeed, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee maintains a Buy rating on Wolfspeed (NYSE:WOLF) but lowers the price target from $78 to $70.

August 17, 2023 | 12:21 pm
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Goldman Sachs maintains a Buy rating on Wolfspeed but lowers the price target from $78 to $70.
The news is directly about Wolfspeed and its stock price. Goldman Sachs maintains a Buy rating, indicating a positive outlook, but the lowering of the price target may cause some investors to reassess their positions, potentially leading to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100