Wolfspeed (WOLF, Financial) shares have plunged to their lowest level in 27 years, dropping nearly 50% as the company navigates leadership transitions and waning demand from automotive clients. This dramatic decline coincides with the appointment of a seasoned industry executive as the new CEO, following the ousting of the former chief in November. Meanwhile, Alphabet (GOOG, GOOGL) is set to pay a $100 million settlement in a lawsuit concerning advertiser overcharges. Additionally, Nikola's (NKLAQ) founder, Trevor Milton, received a presidential pardon despite a four-year sentence for investor fraud.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Wolfspeed Inc (WOLF, Financial) is $11.07 with a high estimate of $30.34 and a low estimate of $5.00. The average target implies an upside of 310.16% from the current price of $2.70. More detailed estimate data can be found on the Wolfspeed Inc (WOLF) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Wolfspeed Inc's (WOLF, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Wolfspeed Inc (WOLF, Financial) in one year is $55.81, suggesting a upside of 1967.04% from the current price of $2.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Wolfspeed Inc (WOLF) Summary page.
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