Piper Sandler analyst Harsh Kumar lowered the firm’s price target on Wolfspeed (WOLF) to $10 from $18 and keeps an Overweight rating on the shares. The firm notes Wolfspeed reported results that were slightly ahead of expectations for the December quarter. Overall, the company is going through a transition as it tries to realign its facilities, including its start-up and utilization costs, to a new lower level of revenues, Piper adds.
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Read More on WOLF:
- Wolfspeed price target lowered to $10 from $18 at Canaccord
- 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