The short-term outlook for Wolfspeed, based on an analysis of price targets from multiple financial analysts, indicates a significant potential for increase from its recent closing price.
Analyst Price Targets for Wolfspeed (WOLF)
Based on the short-term price targets provided by 13 analysts, the average price target for Wolfspeed is currently $13.88. This suggests a notable upside from its last closing price.
Here's a detailed breakdown of the analyst forecasts:
| Metric | Value |
|---|---|
| Average Price Target | $13.88 |
| Low Price Target | $6.00 |
| High Price Target | $20.00 |
| Last Closing Price | $7.00 |
| Potential Increase | 98.29% |
This average price target of $13.88 represents an impressive increase of 98.29% from the last closing price of $7.00, suggesting a bullish sentiment among analysts regarding the stock's short-term potential. The range of forecasts, from a low of $6.00 to a high of $20.00, highlights the varying perspectives but collectively points towards a generally positive outlook.
Understanding Price Targets
A price target is an analyst's projection of a stock's future price, typically over the next 12 to 18 months. It is derived from various factors, including:
- Financial analysis: Reviewing a company's revenue, earnings, and balance sheet.
- Industry trends: Assessing the growth potential and competitive landscape of the sector.
- Company-specific developments: Taking into account new product launches, partnerships, or strategic initiatives.
The consensus price target, which is the average of individual analyst targets, often provides a useful snapshot of the market's collective short-term expectations for a company's stock performance.
