Chipmaker Wolfspeed forecasts quarterly revenue below estimates as EV sales growth slows
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
- China makes small dent in deflation battle as supply-demand imbalance persists
Wolfspeed (WOLF) PT Lowered to $31 at JPMorgan
May 2, 2024 7:39 AM EDTJPMorgan analyst Samik Chatterjee lowered the price target on Wolfspeed (NYSE: WOLF) to $31.00 (from $35.00) while maintaining a Neutral rating.
The analyst comments "Wolfspeeds F3Q24 (Mar-end) results and outlook were once again plagued by headwinds in the Industrial & Energy (I&E) market, led by an inventory build-up across channels, particularly in Asia, as the company is guiding for another step down in Durham-Power Product revenue in F4Q24 ($62.5 mn vs. $74 mn in F3Q and $96 mn in F2Q). Importantly, the aforementioned... More
Wolfspeed (WOLF) PT Lowered to $25 at Citi
May 2, 2024 6:00 AM EDTCiti analyst Atif Malik lowered the price target on Wolfspeed (NYSE: WOLF) to $25.00 (from $29.00) while maintaining a Neutral rating.
The analyst comments "WOLF stock was down 5% after-hours as Mohawk Valley Fab (MVF) outperformance was offset by the Mar-Q margin miss as well as the... More
