Roth MKM Maintains Buy on Wolfspeed, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Craig Irwin maintains a 'Buy' rating on Wolfspeed (NYSE:WOLF) but has lowered the price target from $65 to $50.

October 31, 2023 | 6:37 pm
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NEUTRAL IMPACT
Despite the lowered price target from $65 to $50, Roth MKM analyst Craig Irwin maintains a 'Buy' rating on Wolfspeed (WOLF).
The news is directly related to Wolfspeed (WOLF) and is likely to influence investor sentiment. The maintained 'Buy' rating indicates continued confidence in the company's prospects, despite the lowered price target. This could lead to mixed reactions in the market, with some investors possibly seeing the lower price target as a buying opportunity, while others may view it as a sign of reduced growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100