Wolfspeed (WOLF) September 12 puts active into quarter results

Go back to Wolfspeed (WOLF) September 12 puts active into quarter results

Wolfspeed (WOLF) PT Lowered to $14 at Deutsche Bank

August 22, 2024 1:12 PM UTC

Deutsche Bank analyst Robert Sanders lowered the price target on Wolfspeed (NYSE: WOLF) to $14.00 (from $17.00) while maintaining a Hold rating.

The analyst comments "Along with its Q4 results, Wolfspeed announced that annual capex by FY-26 (to June) will fall to $200-600m, far below the $2.1bn spent in FY-24. While the company states... More

Wolfspeed (WOLF) PT Lowered to $16 at Susquehanna

August 22, 2024 7:41 AM UTC

Susquehanna analyst Christopher Rolland lowered the price target on Wolfspeed (NYSE: WOLF) to $16.00 (from $23.00) while maintaining a Neutral rating.

The analyst comments "While the MVF ramp remains on track, the other parts of the business receded. Management is prudently cutting capex and opex but will still need their core business to ramp asap. Wolfspeed reported results in-line with their mid-quarter negative preannouncement, and guidance that was in- line with our estimates (but below stale Street estimates). Beyond the June manufacturing issues, the company once again blamed weakness on softer Industrial & Energy (I&E)... More

Wolfspeed (WOLF) PT Lowered to $28 at Goldman Sachs

August 22, 2024 7:21 AM UTC

Goldman Sachs analyst Brian Lee lowered the price target on Wolfspeed (NYSE: WOLF) to $28.00 (from $48.00) while maintaining a Buy rating.

The analyst comments "WOLFs quarter seemed similar to last (again), as progress continues on Mohawk Valley and I&E continues to weaken with... More

Wolfspeed (WOLF) PT Lowered to $16 at Citi

August 22, 2024 6:49 AM UTC

Citi analyst Atif Malik lowered the price target on Wolfspeed (NYSE: WOLF) to $16.00 (from $25.00) while maintaining a Neutral rating.

The analyst comments "WOLF stock was +6% after hours after missing Street Jun/Sep-Q expectations on weak I&E demand, EV customer... More

Wolfspeed (WOLF) PT Lowered to $17 at Mizuho

August 22, 2024 5:27 AM UTC

Mizuho analyst Vijay Rakesh lowered the price target on Wolfspeed (NYSE: WOLF) to $17.00 (from $28.00) while maintaining a Neutral rating.

The analyst comments "WOLF reported JunQ in line and guided the SepQ flat q/q (BELOW cons up 7% q/q), with weak... More