Wolfspeed - WOLF Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last year. There are currently 1 sell rating, 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WOLF shares.
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18 brokerages have issued 1 year price objectives for Wolfspeed's stock. Their WOLF share price forecasts range from $75.00 to $140.00. On average, they expect the company's share price to reach $100.94 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price.
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Wolfspeed's stock was trading at $69.04 at the start of the year. Since then, WOLF stock has increased by 21.5% and is now trading at $83.91.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Wolfspeed, Inc. (NYSE:WOLF) posted its earnings results on Wednesday, October, 27th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.03. The firm had revenue of $156.60 million for the quarter, compared to analysts' expectations of $149.59 million. Wolfspeed had a negative trailing twelve-month return on equity of 4.40% and a negative net margin of 18.90%. Wolfspeed's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.34) earnings per share.

Wolfspeed updated its third quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share guidance of -$0.16--$0.12 for the period, compared to the consensus EPS estimate of -$0.06. The company issued revenue guidance of $210.00 million-$230.00 million, compared to the consensus revenue estimate of $252.03 million.

Wolfspeed trades on the New York Stock Exchange (NYSE) under the ticker symbol "WOLF."

Wolfspeed's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.50%), Allspring Global Investments Holdings LLC (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), New York State Common Retirement Fund (0.24%), Iridian Asset Management LLC CT (0.22%) and Oak Harbor Wealth Partners LLC (0.17%). Insiders that own company stock include Duy Loan T Le, Glenda Dorchak, Gregg A Lowe and John B Replogle.
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Shares of WOLF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WOLF stock can currently be purchased for approximately $83.91.

Wolfspeed (NYSE:WOLF) has a market capitalization of $10.42 billion and generates $746.20 million in revenue each year. The company earns $-200,900,000.00 in net income (profit) each year or ($1.31) on an earnings per share basis.

The company employs 4,017 workers across the globe.

Wolfspeed's mailing address is 4600 Silicon Dr, Durham, North Carolina 27703-8475. The official website for the company is www.cree.com. The company can be reached via phone at (919) 313-5300, via email at investorrelations@cree.com, or via fax at 919-313-5558.