Mizuho Initiates Coverage On Wolfspeed with Neutral Rating, Announces Price Target of $30
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has initiated coverage on Wolfspeed (NYSE:WOLF) with a Neutral rating and set a price target of $30. This new coverage could influence investor sentiment and potentially impact Wolfspeed's stock price in the short term.

April 05, 2024 | 10:26 am
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NEUTRAL IMPACT
Mizuho has initiated coverage on Wolfspeed with a Neutral rating and a price target of $30, as per analyst Vijay Rakesh. This could sway investor sentiment and impact the stock's short-term performance.
Analyst ratings and price targets often influence investor sentiment and can lead to short-term price movements. Given that this is a new coverage initiation by Mizuho, it could attract attention from investors and analysts alike, potentially leading to increased trading volume and price volatility for Wolfspeed's stock. However, the Neutral rating suggests a balanced view on the stock's prospects, which might not lead to significant price movements unless further market or company-specific developments occur.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90