In the latest quarter, 16 analysts provided ratings for Wolfspeed WOLF, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 2 | 8 | 2 | 0 |
| Last 30D | 3 | 1 | 2 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 1 | 0 |
| 3M Ago | 1 | 1 | 5 | 1 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $16.44, a high estimate of $25.00, and a low estimate of $8.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 30.04%.
Deciphering Analyst Ratings: An In-Depth Analysis
In examining recent analyst actions, we gain insights into how financial experts perceive Wolfspeed. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| George Gianarikas | Canaccord Genuity | Lowers | Buy | $18.00 | $25.00 |
| Samik Chatterjee | JP Morgan | Lowers | Neutral | $17.00 | $20.00 |
| Brian Lee | Goldman Sachs | Lowers | Buy | $19.00 | $22.00 |
| Craig Irwin | Roth MKM | Lowers | Buy | $20.00 | $25.00 |
| Christopher Rolland | Susquehanna | Lowers | Neutral | $11.00 | $16.00 |
| Harsh Kumar | Piper Sandler | Lowers | Overweight | $18.00 | $20.00 |
| Joseph Moore | Morgan Stanley | Raises | Equal-Weight | $15.00 | $10.00 |
| Vijay Rakesh | Mizuho | Lowers | Underperform | $8.00 | $17.00 |
| George Gianarikas | Canaccord Genuity | Lowers | Buy | $25.00 | $45.00 |
| Vivek Arya | B of A Securities | Lowers | Underperform | $15.00 | $25.00 |
| Robert Sanders | Deutsche Bank | Lowers | Hold | $14.00 | $17.00 |
| Matthew Ramsay | TD Cowen | Lowers | Hold | $15.00 | $25.00 |
| Christopher Rolland | Susquehanna | Lowers | Neutral | $16.00 | $23.00 |
| Harsh Kumar | Piper Sandler | Lowers | Overweight | $20.00 | $35.00 |
| Vijay Rakesh | Mizuho | Lowers | Neutral | $17.00 | $28.00 |
| Joseph Moore | Morgan Stanley | Lowers | Equal-Weight | $15.00 | $23.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Wolfspeed. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Wolfspeed compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Wolfspeed's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Wolfspeed's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Wolfspeed analyst ratings.
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Discovering Wolfspeed: A Closer Look
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of its revenue from Europe and the rest from the United States, China, Hong Kong, Asia Pacific, and other regions.
Wolfspeed's Financial Performance
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Wolfspeed's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -0.99% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Wolfspeed's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -87.14%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -18.37%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Wolfspeed's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -2.23%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Wolfspeed's debt-to-equity ratio surpasses industry norms, standing at 7.0. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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