Analyst Scoreboard: 10 Ratings For Wolfspeed
Portfolio Pulse from Benzinga Insights
Analysts have recently evaluated Wolfspeed (NYSE:WOLF), with a range of opinions from bullish to bearish. The average 12-month price target has declined by 38.35%, with a current average of $16.3. Analysts have lowered their ratings and price targets, reflecting challenges in Wolfspeed's financial performance, including revenue decline, low net margin, and high debt-to-equity ratio.
October 03, 2024 | 8:00 pm
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Wolfspeed has faced a series of analyst downgrades, with a significant reduction in the average 12-month price target. The company's financial challenges, including a revenue decline and high debt levels, have contributed to a bearish outlook.
The article highlights a series of analyst downgrades for Wolfspeed, with a notable decrease in the average price target. This reflects the company's financial struggles, including a revenue decline, low net margin, and high debt-to-equity ratio, which are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100