Susquehanna Maintains Neutral on Wolfspeed, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland maintains a Neutral rating on Wolfspeed (NYSE:WOLF) but lowers the price target from $23 to $16.
August 22, 2024 | 1:18 pm
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Susquehanna analyst Christopher Rolland maintains a Neutral rating on Wolfspeed but lowers the price target from $23 to $16, indicating a less optimistic outlook.
The lowered price target from $23 to $16 suggests a less optimistic view on Wolfspeed's future performance, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100