WOLF Similar Chart Price Prediction
The price of WOLF is predicted to go up 15.79%, based on the high correlation periods with PKG. The similarity of these two price pattern on the periods is 95.95%.
WOLF
PKG
Up: 15.79%Similarity: 95.95%
WOLF Revenue Forecast
WOLF EPS Forecast
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WOLF Analyst's Forecast
Vijay Rakesh
Mizuho
Sell
Price Target
$10 → $6
Upside
-6.83%
Mizuho analyst Vijay Rakesh lowered the firm's price target on Wolfspeed to $6 from $10 and keeps an Underperform rating on the shares. The firm believes the Trump administration potentially ending the $7,500 consumer electric vehicle tax credits implies risk to U.S. EV production and sales, and silicon carbide demand. The firm says legacy auto markers could slow EV ramps in the absence of subsidies. It continues to see headwinds for Wolfspeed from increasing China competition, slower EV sales and SiC pricing, and a potential follow-on offering ahead.