Mizuho Maintains Neutral on Wolfspeed, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh maintains a Neutral rating on Wolfspeed (NYSE:WOLF) and lowers the price target from $28 to $17.
August 22, 2024 | 11:18 am
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Mizuho analyst Vijay Rakesh has maintained a Neutral rating on Wolfspeed and significantly lowered the price target from $28 to $17, indicating a more cautious outlook.
The significant reduction in the price target from $28 to $17 by Mizuho suggests a more cautious outlook on Wolfspeed's future performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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