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Wolfspeed (WOLF) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

WOLF Stock Forecast

Wolfspeed stock forecast is as follows: an average price target of $14.90 (represents a 111.65% upside from WOLF’s last price of $7.04) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.

WOLF Price Target

The average price target for Wolfspeed (WOLF) is $14.90 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $22.50 to $9.00. This represents a potential 111.65% upside from WOLF's last price of $7.04.

WOLF Analyst Ratings

Hold

According to 13 Wall Street analysts, Wolfspeed's rating consensus is 'Hold'. The analyst rating breakdown for WOLF stock is 1 'Strong Buy' (7.69%), 5 'Buy' (38.46%), 7 'Hold' (53.85%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Wolfspeed Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 07, 2024Harsh KumarPiper Sandler$9.00$6.4040.63%27.84%
Oct 21, 2024Vijay RakeshMizuho Securities$11.00$15.11-27.20%56.25%
Oct 16, 2024Vijay RakeshMizuho Securities$9.50$13.80-31.16%34.94%
Oct 15, 2024Atif MalikCitigroup$16.00$13.8015.94%127.27%
Aug 22, 2024Christopher RollandSusquehanna$16.00$13.5118.43%127.27%
Aug 22, 2024Harsh KumarPiper Sandler$20.00$13.5148.04%184.09%
Jun 25, 2024George GianarikasCanaccord Genuity$22.50$11.4895.99%219.60%
Jun 18, 2024Vijay RakeshMizuho Securities$28.00$27.083.40%297.73%
May 07, 2024Robert SandersDeutsche Bank$25.00$25.94-3.62%255.11%
May 02, 2024George GianarikasCanaccord Genuity$23.50$13.0679.94%233.81%
Apr 23, 2024Robert SandersDeutsche Bank$30.00$23.9425.31%326.14%
Apr 04, 2024Vijay RakeshMizuho Securities$30.00$27.0710.82%326.14%
Apr 03, 2024Gary MobleyWells Fargo$30.00$27.758.11%326.14%
Apr 02, 2024Brooks IdletCFRA$38.00$29.9027.09%439.77%
Aug 17, 2023Ambrish SrivastavaLoop Capital Markets$55.00$44.8522.63%681.25%
Apr 27, 2023Christopher RollandSusquehanna$60.00$46.8028.21%752.27%
Dec 20, 2022J.P. Morgan$106.00$75.5340.33%1405.68%
Dec 12, 2022Susquehanna$90.00$82.678.87%1178.41%
Sep 09, 2022Harsh KumarPiper Sandler$130.00$113.8514.19%1746.59%
Jun 23, 2022Brian LeeGoldman Sachs$108.00$62.9071.70%1434.09%
Jun 13, 2022Colin RuschOppenheimer$105.00$71.1847.51%1391.48%
May 17, 2022Robert SandersDeutsche Bank$90.00$75.1219.81%1178.41%
Oct 06, 2021Joseph MooreMorgan Stanley$100.00$82.9520.55%1320.45%
Aug 16, 2021Jeff OsborneCowen & Co.$115.00$87.4831.46%1533.52%
May 10, 2021Paul CosterJ.P. Morgan$108.00$92.0717.30%1434.09%

The latest Wolfspeed stock forecast, released on Nov 07, 2024 by Harsh Kumar from Piper Sandler, set a price target of $9.00, which represents a 40.63% increase from the stock price at the time of the forecast ($6.40), and a 27.84% increase from WOLF last price ($7.04).

Wolfspeed Price Target by Period

1M3M12M
# Anlaysts-414
Avg Price Target-$11.38$22.04
Last Closing Price$7.04$7.04$7.04
Upside/Downside-100.00%61.65%213.07%

In the current month, the average price target of Wolfspeed stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Wolfspeed's last price of $7.04. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 15, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Oct 15, 2024CitigroupNeutralNeutralHold
Aug 22, 2024Cowen & Co.HoldHoldHold
Aug 22, 2024SusquehannaNeutralNeutralHold
Aug 22, 2024Piper SandlerOverweightOverweightHold
Aug 07, 2024New StreetNeutralDowngrade
Jul 09, 2024SusquehannaBuyBuyHold
Jun 25, 2024Cowen & Co.HoldHoldHold
Jun 25, 2024Canaccord GenuityBuyBuyHold
Jun 18, 2024Wells FargoBuyBuyHold
May 07, 2024Wells FargoBuyBuyHold
May 02, 2024CitigroupNeutralNeutralHold
May 02, 2024Canaccord GenuityBuyBuyHold
May 02, 2024William BlairOutperformMarket PerformDowngrade
Apr 23, 2024William BlairOutperformOutperformHold
Apr 23, 2024Deutsche BankHoldHoldHold
Oct 12, 2023Piper SandlerOverweightOverweightHold
Aug 17, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Aug 17, 2023BMO CapitalPerformPerformHold
Aug 17, 2023CitigroupUnderperformUnderperformHold
Jun 27, 2023SusquehannaNeutralNeutralHold
Apr 28, 2023Goldman SachsBuyBuyHold
Apr 28, 2023Canaccord GenuityNeutralNeutralHold
Apr 27, 2023OppenheimerOutperformPerformDowngrade
Apr 27, 2023William BlairOutperformOutperformHold
Apr 27, 2023SusquehannaNeutralNeutralHold
Dec 12, 2022SusquehannaNeutralInitialise
Oct 27, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Oct 17, 2022CFRAStrong BuyUpgrade
Sep 09, 2022Piper SandlerOverweightOverweightHold
Sep 01, 2022CitigroupCautiousCautiousHold
Aug 18, 2022GuggenheimBuyInitialise
Aug 18, 2022MoffettNathansonUnderperformDowngrade
Aug 18, 2022CitigroupBuyBuyHold
Jun 23, 2022Goldman SachsBuyUpgrade
Jun 02, 2022OppenheimerOutperformUpgrade
May 17, 2022Deutsche BankHoldHoldHold
Jan 03, 2022Piper SandlerOverweightUpgrade

Wolfspeed's last stock rating was published by Morgan Stanley on Oct 15, 2024. The company gave WOLF a "Equal-Weight" rating, the same as its previous rate.

Wolfspeed Financial Forecast

Wolfspeed Revenue Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Revenue--------------$208.40M$197.40M$235.80M$228.70M$216.10M$241.30M$228.50M$188.00M$173.10M$156.60M$145.80M$137.30M$127.00M$216.60M$205.70M$215.50M
Avg Forecast$374.04M$355.03M$334.78M$314.29M$326.38M$292.47M$255.85M$231.76M$209.91M$193.59M$179.97M$200.39M$201.31M$201.23M$206.19M$196.15M$224.53M$220.18M$225.29M$239.76M$209.15M$190.74M$169.32M$149.21M$145.23M$130.13M$121.54M$209.86M$198.57M$216.05M
High Forecast$436.74M$414.56M$390.91M$366.98M$381.10M$341.51M$298.75M$270.62M$245.10M$222.23M$189.47M$233.99M$201.31M$201.26M$209.50M$218.03M$262.17M$257.10M$263.06M$239.76M$209.15M$190.74M$169.32M$149.21M$145.23M$130.13M$121.54M$209.86M$198.57M$216.05M
Low Forecast$344.28M$326.79M$308.15M$289.29M$300.42M$269.21M$235.50M$213.32M$193.21M$179.25M$170.52M$184.45M$201.31M$201.19M$192.23M$183.74M$206.67M$202.67M$207.37M$239.76M$209.15M$190.74M$169.32M$149.21M$145.23M$130.13M$121.54M$209.86M$198.57M$216.05M
# Analysts888888777101084481288555566669999
Surprise %--------------1.01%1.01%1.05%1.04%0.96%1.01%1.09%0.99%1.02%1.05%1.00%1.06%1.04%1.03%1.04%1.00%

Wolfspeed's average Quarter revenue forecast for Mar 24 based on 4 analysts is $201.23M, with a low forecast of $201.19M, and a high forecast of $201.26M. WOLF's average Quarter revenue forecast represents a -3.44% decrease compared to the company's last Quarter revenue of $208.40M (Dec 23).

Wolfspeed EBITDA Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts888888777101084481288555566669999
EBITDA--------------$-126.20M$-37.80M$-65.70M$-57.40M$-52.00M$-37.50M$-55.90M$-7.60M$-50.50M$-28.50M$-101.00M$-68.30M$-49.00M$-137.30M$7.20M$-25.40M
Avg Forecast$-68.87M$-65.37M$-61.64M$-57.87M$-60.09M$-53.85M$-47.11M$-42.67M$-38.65M$-35.64M$-33.13M$-36.90M$-37.07M$-37.05M$-37.96M$-36.12M$-41.34M$-40.54M$-41.48M$-44.93M$-39.19M$-75.54M$-31.73M$-30.98M$-27.22M$-24.39M$-22.78M$-39.33M$-37.21M$-40.49M
High Forecast$-63.39M$-60.17M$-56.74M$-53.26M$-55.31M$-49.57M$-43.36M$-39.28M$-35.57M$-33.00M$-31.40M$-33.96M$-37.07M$-37.04M$-35.39M$-33.83M$-38.05M$-37.31M$-38.18M$-44.93M$-39.19M$-60.43M$-31.73M$-24.78M$-27.22M$-24.39M$-22.78M$-39.33M$-37.21M$-40.49M
Low Forecast$-80.41M$-76.33M$-71.97M$-67.57M$-70.17M$-62.88M$-55.01M$-49.83M$-45.13M$-40.92M$-34.89M$-43.08M$-37.07M$-37.06M$-38.57M$-40.14M$-48.27M$-47.34M$-48.43M$-44.93M$-39.19M$-90.65M$-31.73M$-37.17M$-27.22M$-24.39M$-22.78M$-39.33M$-37.21M$-40.49M
Surprise %--------------3.32%1.05%1.59%1.42%1.25%0.83%1.43%0.10%1.59%0.92%3.71%2.80%2.15%3.49%-0.19%0.63%

9 analysts predict WOLF's average Quarter EBITDA for Sep 20 to be $-39.33M, with a high of $-39.33M and a low of $-39.33M. This is -646.22% lower than Wolfspeed's previous annual EBITDA (Jun 20) of $7.20M.

Wolfspeed Net Income Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts888888777101084481288555566669999
Net Income--------------$-144.70M$-402.70M$-113.30M$-99.50M$-90.90M$-26.20M$-61.80M$-66.50M$-96.70M$-70.10M$-147.60M$-108.90M$-83.00M$-184.40M$-39.50M$-61.60M
Avg Forecast$-8.87M$-19.01M$-27.88M$-39.29M$-40.81M$-57.00M$-74.40M$-102.78M$-96.65M$-111.15M$-129.50M$-126.43M$-108.29M$-80.41M$-79.68M$-84.91M$-25.51M$-18.79M$-16.79M$-5.92M$-12.87M$-76.00M$-23.28M$-76.20M$-30.84M$-28.54M$-31.32M$-27.08M$-24.01M$-19.01M
High Forecast$-7.95M$-17.04M$-25.00M$-35.22M$-36.59M$-51.10M$-66.71M$-92.15M$-86.66M$-78.79M$-104.39M$-113.35M$-97.09M$-72.09M$-72.09M$-79.84M$-22.87M$-16.85M$-15.05M$-5.92M$-12.87M$-60.80M$-23.28M$-60.96M$-30.84M$-28.54M$-31.32M$-27.08M$-24.01M$-19.01M
Low Forecast$-10.80M$-23.15M$-33.96M$-47.85M$-49.70M$-69.42M$-90.62M$-125.18M$-117.72M$-136.48M$-137.43M$-153.98M$-131.89M$-97.93M$-84.74M$-95.05M$-31.07M$-22.89M$-20.45M$-5.92M$-12.87M$-91.20M$-23.28M$-91.43M$-30.84M$-28.54M$-31.32M$-27.08M$-24.01M$-19.01M
Surprise %--------------1.82%4.74%4.44%5.29%5.41%4.43%4.80%0.88%4.15%0.92%4.79%3.82%2.65%6.81%1.65%3.24%

Wolfspeed's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. WOLF's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Wolfspeed SG&A Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts888888777101084481288555566669999
SG&A--------------$64.90M$64.10M$64.10M$60.50M$55.70M$55.00M$55.00M$51.50M$48.00M$49.00M$46.60M$44.20M$46.80M$51.90M$51.30M$49.70M
Avg Forecast$117.05M$111.11M$104.77M$98.36M$102.14M$91.53M$80.07M$72.53M$65.69M$60.58M$56.32M$62.71M$63.00M$62.97M$64.53M$61.39M$70.27M$68.91M$70.50M$75.03M$65.45M$58.86M$52.99M$53.26M$45.45M$40.72M$38.04M$65.67M$62.14M$67.61M
High Forecast$136.68M$129.73M$122.33M$114.85M$119.26M$106.87M$93.49M$84.69M$76.70M$69.55M$59.30M$73.22M$63.00M$62.98M$65.56M$68.23M$82.05M$80.46M$82.32M$75.03M$65.45M$70.63M$52.99M$63.91M$45.45M$40.72M$38.04M$65.67M$62.14M$67.61M
Low Forecast$107.74M$102.27M$96.43M$90.53M$94.01M$84.25M$73.70M$66.76M$60.46M$56.10M$53.36M$57.72M$63.00M$62.96M$60.16M$57.50M$64.68M$63.42M$64.89M$75.03M$65.45M$47.09M$52.99M$42.61M$45.45M$40.72M$38.04M$65.67M$62.14M$67.61M
Surprise %--------------1.01%1.04%0.91%0.88%0.79%0.73%0.84%0.88%0.91%0.92%1.03%1.09%1.23%0.79%0.83%0.74%

Wolfspeed's average Quarter SG&A projection for Mar 24 is $62.97M, based on 4 Wall Street analysts, with a range of $62.96M to $62.98M. The forecast indicates a -2.97% fall compared to WOLF last annual SG&A of $64.90M (Dec 23).

Wolfspeed EPS Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts888888777101084481288555566669999
EPS--------------$-0.00$-3.22$-0.91$-0.80$-0.73$-0.21$-0.50$-0.54$-0.82$-0.60$-1.28$-0.96$-0.75$-1.68$-0.36$-0.57
Avg Forecast$-0.07$-0.15$-0.22$-0.31$-0.32$-0.45$-0.59$-0.81$-0.76$-0.88$-1.02$-1.00$-0.85$-0.63$-0.63$-0.67$-0.20$-0.15$-0.13$-0.05$-0.10$-0.14$-0.18$-0.24$-0.24$-0.23$-0.25$-0.21$-0.19$-0.15
High Forecast$-0.06$-0.13$-0.20$-0.28$-0.29$-0.40$-0.53$-0.73$-0.68$-0.62$-0.82$-0.89$-0.77$-0.57$-0.57$-0.63$-0.18$-0.13$-0.12$-0.05$-0.10$-0.14$-0.18$-0.24$-0.24$-0.23$-0.25$-0.21$-0.19$-0.15
Low Forecast$-0.09$-0.18$-0.27$-0.38$-0.39$-0.55$-0.72$-0.99$-0.93$-1.08$-1.08$-1.22$-1.04$-0.77$-0.67$-0.75$-0.25$-0.18$-0.16$-0.05$-0.10$-0.14$-0.18$-0.24$-0.24$-0.23$-0.25$-0.21$-0.19$-0.15
Surprise %--------------0.00%4.81%4.52%5.39%5.51%4.48%4.90%3.95%4.45%2.49%5.24%4.25%3.02%7.83%1.89%3.79%

According to undefined Wall Street analysts, Wolfspeed's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to WOLF previous annual EPS of $NaN (undefined).

Wolfspeed Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WOLFWolfspeed$7.85$14.9089.81%Hold
MCHPMicrochip$58.29$89.1352.91%Buy
NXPINXP Semiconductors$219.02$293.1033.82%Buy
MPWRMonolithic Power Systems$628.22$829.2532.00%Buy
ONON Semiconductor$67.74$87.0828.55%Buy
MXLMaxLinear$19.55$23.3319.34%Hold
TXNTexas Instruments$188.12$211.4412.40%Buy
ADIAnalog Devices$213.82$240.0012.24%Buy
LSCCLattice Semiconductor$62.77$52.78-15.92%Buy

WOLF Forecast FAQ

Is Wolfspeed a good buy?

No, according to 13 Wall Street analysts, Wolfspeed (WOLF) is considered a 'Hold'. The rating consensus is based on 1 'Strong Buy' and 5 'Buy' recommendations, accounting for 46.15% of WOLF's total ratings.

What is WOLF's price target?

Wolfspeed (WOLF) average price target is $14.9 with a range of $9 to $22.5, implying a 111.65% from its last price of $7.04. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Wolfspeed stock go up soon?

According to Wall Street analysts' prediction for WOLF stock, the company can go up by 111.65% (from the last price of $7.04 to the average price target of $14.9), up by 219.60% based on the highest stock price target, and up by 27.84% based on the lowest stock price target.

Can Wolfspeed stock reach $11?

WOLF's average twelve months analyst stock price target of $14.9 supports the claim that Wolfspeed can reach $11 in the near future.

What are Wolfspeed's analysts' financial forecasts?

Wolfspeed's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $1.11B (high $1.29B, low $1.02B), average EBITDA is $-204M (high $-188M, low $-238M), average net income is $-275M (high $-247M, low $-335M), average SG&A $346.26M (high $404.32M, low $318.72M), and average EPS is $-2.17 (high $-1.945, low $-2.643). WOLF's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $1.38B (high $1.61B, low $1.27B), average EBITDA is $-254M (high $-234M, low $-296M), average net income is $-95.05M (high $-85.22M, low $-116M), average SG&A $431.28M (high $503.59M, low $396.98M), and average EPS is $-0.75 (high $-0.672, low $-0.913).

Did the WOLF's actual financial results beat the analysts' financial forecasts?

Based on Wolfspeed's last annual report (Jun 2023), the company's revenue was $921.9M, beating the average analysts forecast of $909.76M by 1.33%. Apple's EBITDA was $-213M, beating the average prediction of $-168M by 26.33%. The company's net income was $-330M, beating the average estimation of $-67.01M by 392.32%. Apple's SG&A was $235.3M, missing the average forecast of $284.71M by -17.35%. Lastly, the company's EPS was $-2.65, beating the average prediction of $-0.529 by 401.01%. In terms of the last quarterly report (Dec 2023), Wolfspeed's revenue was $208.4M, beating the average analysts' forecast of $206.19M by 1.07%. The company's EBITDA was $-126M, beating the average prediction of $-37.964M by 232.42%. Wolfspeed's net income was $-145M, beating the average estimation of $-79.678M by 81.61%. The company's SG&A was $64.9M, beating the average forecast of $64.53M by 0.58%. Lastly, the company's EPS was $-0.0012, missing the average prediction of $-0.629 by -99.81%