Expert Outlook: Wolfspeed Through The Eyes Of 4 Analysts
Portfolio Pulse from Benzinga Insights
Four analysts have recently published ratings on Wolfspeed (NYSE:WOLF), showing a range of sentiments from bullish to indifferent. The average 12-month price target has decreased by 14.49% to $28.5. Analysts have adjusted their ratings and price targets, reflecting their responses to recent developments. Wolfspeed has shown revenue growth but faces challenges in profitability, return on equity, and debt management.
August 07, 2024 | 3:00 pm
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Analysts have mixed ratings on Wolfspeed, with a decrease in the average 12-month price target to $28.5. The company shows revenue growth but struggles with profitability and debt management.
The mixed analyst ratings and the decrease in the average price target indicate uncertainty about Wolfspeed's short-term performance. While revenue growth is a positive sign, challenges in profitability and debt management could offset this, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100