Wolfspeed (WOLF) Stock Forecast & Price Target

$8.23

-0.57 (-6.48%)

(As of 09/6/2024 ET)

Wolfspeed - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 16 Analyst Ratings

Based on 16 Wall Street analysts who have issued ratings for Wolfspeed in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 11 have given a hold rating, and 4 have given a buy rating for WOLF.

Consensus Price Target

$24.53
198.10% Upside

High Forecast	$50.00
Average Forecast	$24.53
Low Forecast	$14.00

According to the 16 analysts' twelve-month price targets for Wolfspeed, the average price target is $24.53. The highest price target for WOLF is $50.00, while the lowest price target for WOLF is $14.00. The average price target represents a forecasted upside of 198.10% from the current price of $8.23.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	9 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$24.53	$34.27	$36.29	$71.00
Forecasted Upside	198.10% Upside	30.48% Upside	31.94% Upside	7.06% Upside

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WOLF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WOLF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Wolfspeed Stock vs. The Competition

Type	Wolfspeed	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.19	2.64	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	198.10% Upside	202.64% Upside	11.36% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2024	Canaccord Genuity Group 1 of 5 stars		Lower Target	Buy ➝ Buy	$45.00 ➝ $25.00	+128.73%
8/23/2024	Bank of America 4 of 5 stars		Lower Target	Underperform ➝ Underperform	$25.00 ➝ $15.00	+16.96%
8/22/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Lower Target	Hold ➝ Hold	$17.00 ➝ $14.00	+6.46%
8/22/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$23.00 ➝ $16.00	+10.73%
8/22/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$28.00 ➝ $17.00	+26.21%
8/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$35.00 ➝ $20.00	+48.48%
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8/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$48.00 ➝ $28.00	+107.87%
8/22/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$25.00 ➝ $15.00	+11.36%
8/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$23.00 ➝ $15.00	+27.33%
8/7/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Ferragu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$18.00	+22.62%
7/9/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
5/2/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$29.00 ➝ $25.00	+6.75%
5/2/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Dorsheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
4/30/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$50.00 ➝ $50.00	+79.47%
4/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$43.00 ➝ $35.00	+27.83%
4/3/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Equal Weight	$55.00 ➝ $30.00	+8.07%
10/5/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$80.00 ➝ $45.00	+29.42%
5/18/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$46.00	+9.47%
4/27/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$80.00 ➝ $55.00	-4.18%
12/12/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$90.00	+8.87%
10/27/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$125.00 ➝ $100.00	-6.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:04 PM ET.

WOLF Forecast - Frequently Asked Questions

What is Wolfspeed's forecast for 2024?: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Wolfspeed is $24.53, with a high forecast of $50.00 and a low forecast of $14.00.
Should I buy or sell Wolfspeed stock right now?: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last year. There is currently 1 sell rating, 11 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WOLF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WOLF, but not buy additional shares or sell existing shares.
Does Wolfspeed's stock price have much upside?: According to analysts, Wolfspeed's stock has a predicted upside of 39.23% based on their 12-month stock forecasts.
Has Wolfspeed been downgraded by Wall Street analysts recently?: Over the previous 90 days, Wolfspeed's stock had 1 downgrade by analysts.
What analysts cover Wolfspeed?: Wolfspeed has been rated by research analysts at Bank of America, Canaccord Genuity Group, Deutsche Bank Aktiengesellschaft, Mizuho, Morgan Stanley, New Street Research, Oppenheimer, Piper Sandler, Susquehanna, TD Cowen, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Wolfspeed more than its competitors?: Analysts like Wolfspeed less than other "computer and technology" companies. The consensus rating for Wolfspeed is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how WOLF compares to other companies.