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

August 18, 2023 | 12:42 pm
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NEUTRAL IMPACT
Goldman Sachs has maintained a 'Buy' rating on Wolfspeed but lowered the price target from $78 to $70.
The news is directly related to Wolfspeed (WOLF). While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in the company's growth or a perceived overvaluation. This could have a neutral to slightly negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100