Canaccord lowered the firm’s price target on Wolfspeed (WOLF) to $10 from $18 and keeps a Buy rating on the shares. The firm saw several encouraging data points in its results and after consistent earnings revisions and legs-down in fundamentals, results were mostly in line. EV business grew, Mohawk is ramping, the JP is making progress, and operational right sizing continues.
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Read More on WOLF:
- Wolfspeed, Inc. Reports Second Quarter 2025 Results
- Wolfspeed reports Q2 adjusted EPS (95c), consensus ($1.00)
- Wolfspeed sees Q3 adjusted EPS (88c)-(76c), consensus (84c)
- Wolfspeed incurring ‘significant’ start-up costs relating to new facilities
- Wolfspeed options imply 21.1% move in share price post-earnings