Key Highlights:
- Wolfspeed's shares soared over 100% post-market following a restructuring plan.
- Analyst average price target suggests significant upside potential.
- Current brokerage firm recommendations indicate a "Hold" status.
Wolfspeed Inc. (NYSE: WOLF) delivered a noteworthy performance in post-market trading, with shares more than doubling in value. This surge came on the heels of the company's announcement regarding a strategic restructuring plan. The plan, aimed at financial rejuvenation, includes a debt reduction of $4.6 billion. Alongside this, Wolfspeed anticipates slashing its yearly cash interest payments by a substantial 60%, as it files for Chapter 11 reorganization.
Wall Street Analysts Forecast
Delving into analyst insights, six experts have provided one-year price targets for Wolfspeed. The average target price stands at an impressive $4.78, with projections ranging from a low of $2.00 to a high of $12.70. This average target suggests a remarkable potential upside of 1,099.43% from the stock's current trading price of $0.40. For a more detailed exploration of price predictions, investors can visit the Wolfspeed Inc (WOLF, Financial) Forecast page.
Considering recommendations from eight brokerage firms, Wolfspeed's stock currently holds an average brokerage recommendation of 3.5, equating to a "Hold" status. The recommendation scale employed ranges from 1, indicating a Strong Buy, to 5, suggesting a Sell.
According to GuruFocus estimates, the GF Value for Wolfspeed Inc. in one year is projected at $34.12. This valuation posits an extraordinary upside of 8,455.67% from its present price of $0.3988. The GF Value is a critical metric calculated by considering the stock's historical trading multiples, past business growth, and future performance estimates. For further details on this evaluation, visit the Wolfspeed Inc (WOLF, Financial) Summary page.
