In the last three months, 14 analysts have published ratings on Wolfspeed (NYSE:WOLF), offering a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 12 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 7 | 0 | 0 |
| 3M Ago | 0 | 0 | 4 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $31.07, a high estimate of $50.00, and a low estimate of $23.00. Highlighting a 16.03% decrease, the current average has fallen from the previous average price target of $37.00.
Investigating Analyst Ratings: An Elaborate Study
The standing of Wolfspeed among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Vijay Rakesh | Mizuho | Raises | Neutral | $28.00 | $27.00 |
| Robert Sanders | Deutsche Bank | Lowers | Hold | $25.00 | $30.00 |
| Atif Malik | Citigroup | Lowers | Neutral | $25.00 | $29.00 |
| George Gianarikas | Canaccord Genuity | Lowers | Buy | $47.00 | $50.00 |
| Christopher Rolland | Susquehanna | Lowers | Neutral | $23.00 | $25.00 |
| Vijay Rakesh | Mizuho | Lowers | Neutral | $27.00 | $30.00 |
| Matthew Ramsay | TD Cowen | Announces | Hold | $25.00 | - |
| Craig Irwin | Roth MKM | Maintains | Buy | $50.00 | $50.00 |
| Robert Sanders | Deutsche Bank | Lowers | Hold | $30.00 | $35.00 |
| Christopher Rolland | Susquehanna | Lowers | Neutral | $25.00 | $35.00 |
| Samik Chatterjee | JP Morgan | Lowers | Neutral | $35.00 | $43.00 |
| Christopher Rolland | Susquehanna | Maintains | Neutral | $35.00 | $35.00 |
| Vijay Rakesh | Mizuho | Announces | Neutral | $30.00 | - |
| Gary Mobley | Wells Fargo | Lowers | Equal-Weight | $30.00 | $55.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Wolfspeed. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Wolfspeed compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Wolfspeed's stock. This analysis reveals shifts in analysts' expectations over time.
For valuable insights into Wolfspeed's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Wolfspeed analyst ratings.
About Wolfspeed
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.
Wolfspeed: Delving into Financials
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Wolfspeed's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 4.21%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Wolfspeed's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -74.19%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Wolfspeed's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -13.71%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Wolfspeed's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.99%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 5.55, caution is advised due to increased financial risk.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.