Wolfspeed, Inc. (WOLF)

Wolfspeed Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for Wolfspeed stock have an average target of 24.5, with a low estimate of 8.00 and a high estimate of 57. The average target predicts an increase of 64.87% from the current stock price of 14.86.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$8.00	$24.5	$20	$57
Change	-46.16%	+64.87%	+34.59%	+283.58%

Analyst Ratings

The average analyst rating for Wolfspeed stock from 16 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	3	3	3	3	3	3
Buy	1	1	1	1	1	1
Hold	10	9	10	11	11	10
Sell	1	1	1	1	1	2
Strong Sell	0	0	0	0	0	0
Total	15	14	15	16	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joseph Moore Morgan Stanley	Morgan Stanley	Hold Maintains $10 → $15	Hold	Maintains	$10 → $15	+0.94%	Oct 16, 2024
Vijay Rakesh Mizuho	Mizuho	Hold → Sell Downgrades $17 → $8	Hold → Sell	Downgrades	$17 → $8	-46.16%	Oct 3, 2024
George Gianarikas Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $45 → $25	Strong Buy	Maintains	$45 → $25	+68.24%	Aug 29, 2024
Vivek Arya B of A Securities	B of A Securities	Sell Maintains $25 → $15	Sell	Maintains	$25 → $15	+0.94%	Aug 23, 2024
Robert Sanders Deutsche Bank	Deutsche Bank	Hold Maintains $17 → $14	Hold	Maintains	$17 → $14	-5.79%	Aug 22, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

934.78M

Increased by 15.81%

from 807.20M

Revenue Next Year

1.38B

Increased by 47.09%

from 934.78M

EPS This Year

-3.47

from -6.88

EPS Next Year

-1.61

from -3.47

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jun 28, 2020	Jun 27, 2021	Jun 26, 2022	Jun 25, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026	Jun 30, 2027
Revenue	470.70M	525.60M	572.10M	758.50M	807.20M	934.78M	1.38B	2.21B
Revenue Growth	-12.54%	11.66%	8.85%	32.58%	6.42%	15.81%	47.09%	60.36%
EPS	-1.78	-4.66	-1.67	-2.65	-6.88	-3.47	-1.61	1.55
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	9.56
No. Analysts	-	-	-	-	-	20	17	11

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	1.1B	1.8B	2.8B
Avg	934.8M	1.4B	2.2B
Low	813.9M	1.1B	1.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	30.9%	89.3%	106.2%
Avg	15.8%	47.1%	60.4%
Low	0.8%	17.7%	12.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	-3.06	-0.35	2.21
Avg	-3.47	-1.61	1.55
Low	-4.11	-2.81	0.89

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-	-	-
Avg	-	-	-
Low	-	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.