Wolfspeed (WOLF, Financial) obtained $192.1 million in tax refunds through the Section 48D advanced manufacturing credit, contributing to an anticipated $1 billion total. The company is negotiating financial strategies for its $575 million convertible bonds due next year, collaborating with parties like Apollo Global Management (APO). Despite receiving substantial tax credits, Wolfspeed anticipates a fiscal Q3 non-GAAP net loss per share between $0.76 and $0.88, with revenue projected between $170 million and $200 million.
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 324.81% from the current price of $2.61. 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 2040.86% from the current price of $2.6069. 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.
