Wolfspeed Stock Giving Back Gains as Analysts Cut Price Target (NYSE: WOLF)
Wolfspeed’s stock price (NYSE: WOLF) has given up half of the recent gains, with a ~20% decline during the pre-market session returning the stock back to where it began the month of May. The recently released Q3 2025 earnings call highlighted some of the financial challenges that the firm is having to navigate.
Whilst an EPS of -$0.72 was a beat on the 82c loss expected, revenue came in slightly light at $185.4 million ($185.77M expected). Analysts were quick to trim price targets on the print, with Citi downgrading the firm to Sell (from Neutral) with a $3 target replacing the previous $7. Piper Sandler lowered their price target to $6 (from $10), albeit with an Overweight rating. JP Morgan went the other way, with a downgrade to…
