Analysts Set Wolfspeed, Inc. (NYSE:WOLF) Price Target at $125.83

Shares of Wolfspeed, Inc. (NYSE:WOLFGet Rating) have been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $125.83.

A number of equities research analysts recently weighed in on WOLF shares. Citigroup decreased their price objective on Wolfspeed from $125.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, May 26th. Oppenheimer upgraded Wolfspeed to an “outperform” rating and set a $105.00 price target for the company in a research note on Thursday.

Shares of NYSE WOLF opened at $74.69 on Thursday. Wolfspeed has a 1-year low of $63.44 and a 1-year high of $142.33. The stock’s fifty day moving average is $92.02.

About Wolfspeed (Get Rating)

Wolfspeed, Inc provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor materials and silicon. The company's silicon carbide and GaN materials comprise silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers.

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Analyst Recommendations for Wolfspeed (NYSE:WOLF)

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