Wolfspeed, Inc. (WOLF)
NYSE: WOLF · IEX Real-Time Price · USD
23.83
+1.29 (5.72%)
At close: Jul 2, 2024, 4:00 PM
23.82
-0.01 (-0.04%)
After-hours: Jul 2, 2024, 7:55 PM EDT
Wolfspeed Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Wolfspeed stock have an average target of 34.85, with a low estimate of 23 and a high estimate of 57. The average target predicts an increase of 46.24% from the current stock price of 23.83.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Wolfspeed stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 2 | 1 | 1 |
| Hold | 8 | 8 | 8 | 8 | 10 | 9 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 14 | 15 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $26 → $23 | Hold | Maintains | $26 → $23 | -3.48% | Jun 25, 2024 |
| Mizuho | Mizuho | Hold Maintains $27 → $28 | Hold | Maintains | $27 → $28 | +17.50% | Jun 18, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $30 → $25 | Hold | Maintains | $30 → $25 | +4.91% | May 7, 2024 |
| Citigroup | Citigroup | Hold Maintains $29 → $25 | Hold | Maintains | $29 → $25 | +4.91% | May 2, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $50 → $47 | Strong Buy | Maintains | $50 → $47 | +97.23% | May 2, 2024 |
Financial Forecast
Revenue This Year
825.69M
from 921.90M
Decreased by -10.44%
Revenue Next Year
1.08B
from 825.69M
Increased by 30.68%
EPS This Year
-2.66
from -2.65
EPS Next Year
-2.57
from -2.66
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 880.1M | 1.3B | 2.2B | 2.9B | 3.7B | 4.8B |
| Avg | 825.7M | 1.1B | 1.7B | 2.4B | 3.6B | 4.6B |
| Low | 790.1M | 936.0M | 1.4B | 2.0B | 3.4B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -4.5% | 52.1% | 99.7% | 74.2% | 52.8% | 33.9% |
| Avg | -10.4% | 30.7% | 53.8% | 44.0% | 48.5% | 30.1% |
| Low | -14.3% | 13.4% | 27.6% | 22.0% | 42.6% | 25.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -2.49 | -1.37 | 0.55 | 4.12 | 4.44 | 7.50 |
| Avg | -2.66 | -2.57 | -0.57 | 2.00 | 4.31 | 7.28 |
| Low | -3.85 | -3.62 | -1.65 | 1.02 | 4.15 | 7.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | - | - | - | 121.8% | 73.8% |
| Avg | - | - | - | - | 115.5% | 68.8% |
| Low | - | - | - | - | 107.0% | 62.2% |
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.