Piper Sandler analyst Harsh Kumar raised the firm's price target on Wolfspeed to $20 from $6 and keeps an Overweight rating on the shares. The firm says the company emerged with fresh start accounting with results for the December 2025 quarter. On average, Wolfspeed is getting hurt through the process of customer attrition as it went through its restructuring, and also lackluster demand in its key end market of EVs. Going forward, however, under the new management, the company is focused on new areas of growth such as DC power and energy for solar wind applications, Piper adds.
