Wells Fargo Maintains Equal-Weight on Wolfspeed, Raises Price Target to $105
Wells Fargo analyst Gary Mobley maintains Wolfspeed (NYSE:WOLF) with a Equal-Weight and raises the price target from $85 to $105.
12 Information Technology Stocks Moving In Wednesday’s After-Market Session
Gainers
Wolfspeed (NYSE:WOLF) shares increased by 9.86% to $99.99 during Wednesday's after-market session. The company's market cap stands at $11.5 billion. As per the press release, Q1 earnings came out today.
Wolfspeed Q1 EPS $(0.21) Beats $(0.23) Estimate, Sales $156.60M Beat $149.17M Estimate
Wolfspeed (NYSE:WOLF) reported quarterly losses of $(0.21) per share which beat the analyst consensus estimate of $(0.23) by 8.7 percent. This is a 12.5 percent increase over losses of $(0.24) per share from the same
Wolfspeed: Q1 Earnings Insights
Wolfspeed (NYSE:WOLF) reported its Q1 earnings results on Wednesday, October 27, 2021 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings Scheduled For October 27, 2021
Companies Reporting Before The Bell
• McDonald's (NYSE:MCD) is expected to report quarterly earnings at $2.46 per share on revenue of $6.03 billion.
Which Apple Chip Suppliers Will Face The Biggest Impact From iPhone Production Cuts?
Apple Inc (NASDAQ: AAPL) is reportedly looking to cut its iPhone production forecast for 2021 by 10 million due to supply chain issues.
Morgan Stanley Initiates Coverage On Wolfspeed, Inc. Common Stock with Equal-Weight Rating, Announces Price Target of $100
Morgan Stanley analyst Joseph Moore initiates coverage on Wolfspeed, Inc. Common Stock (NYSE:WOLF) with a Equal-Weight rating and announces Price Target of $100.
GM, Wolfspeed Enter Supplier Agreement To Use Silicon Carbide For Electric Vehicles
General Motors Co (NYSE:GM) has signed a supplier agreement with Wolfspeed Inc (NYSE:WOLF) to develop and provide silicon carbide power device solutions…
General Motors And Wolfspeed Forge Strategic Supplier Agreement To Leverage Silicon Carbide For GM’s Future Electric Vehicle Programs
Agreement marks GM's initial shift to using silicon carbide for EV power electronics
Provides secure, long-term, domestically sourced supply
Silicon carbide enables longer range for electric