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Wolfspeed (WOLF) Stock Forecast & Price Target

$23.77
+0.13 (+0.55%)
(As of 07/5/2024 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

Consensus Price Target

$35.43
49.05% Upside
High Forecast$57.00
Average Forecast$35.43
Low Forecast$23.00
TypeCurrent Forecast
7/7/23 to 7/6/24
1 Month Ago
6/7/23 to 6/6/24
3 Months Ago
4/8/23 to 4/7/24
1 Year Ago
7/7/22 to 7/7/23
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)
5 Buy rating(s)
7 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
9 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$35.43$36.29$44.13$80.13
Forecasted Upside49.05% Upside31.94% Upside29.46% Upside5.84% Upside

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.
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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.
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Wolfspeed Stock vs. The Competition

TypeWolfspeedComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.21
2.61
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside49.05% Upside225.82% Upside12.26% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/25/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$47.00 ➝ $45.00+99.03%
6/25/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$26.00 ➝ $23.00+0.22%
6/18/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$27.00 ➝ $28.00+3.40%
5/7/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetHold ➝ Hold$30.00 ➝ $25.00+1.17%
5/2/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$29.00 ➝ $25.00+6.75%
5/2/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$25.00 ➝ $23.00-11.88%
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5/2/2024TD Cowen
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 DowngradeBuy ➝ Hold$40.00 ➝ $25.00-4.21%
5/2/2024William Blair
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J. Dorsheimer
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DowngradeOutperform ➝ Market Perform
4/30/2024Roth Mkm
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 Reiterated RatingBuy ➝ Buy$50.00 ➝ $50.00+79.47%
4/11/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$43.00 ➝ $35.00+27.83%
4/3/2024Wells Fargo & Company
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 Reiterated RatingOverweight ➝ Equal Weight$55.00 ➝ $30.00+8.07%
2/1/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$55.00 ➝ $45.00+55.66%
10/23/2023The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$66.00 ➝ $57.00+83.40%
10/10/2023Bank of America
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 Lower TargetUnderperform ➝ Underperform$49.00 ➝ $40.00+22.03%
10/5/2023Evercore ISI
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 Lower Target$80.00 ➝ $45.00+29.42%
5/18/2023Jefferies Financial Group
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 Initiated CoverageHold$46.00+9.47%
4/27/2023BMO Capital Markets
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 Lower Target$80.00 ➝ $55.00-4.18%
4/27/2023Oppenheimer
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 DowngradeOutperform ➝ Market Perform
12/12/2022Susquehanna Bancshares
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 Initiated CoverageNeutral$90.00+8.87%
10/27/2022Cowen
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 Lower TargetOutperform$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 08:22 AM ET.

WOLF Forecast - Frequently Asked Questions

What is Wolfspeed's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Wolfspeed is $35.43, with a high forecast of $57.00 and a low forecast of $23.00.

Should I buy or sell Wolfspeed stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last year. There is currently 1 sell rating, 9 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 30.63% 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 2 downgrades by analysts.

What analysts cover Wolfspeed?
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.


This page (NYSE:WOLF) was last updated on 7/6/2024 by MarketBeat.com Staff

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