Alert: Major Price Advance (11/15/23)-Wolfspeed Inc (NYSE: WOLF).

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On 11/15/23, Wolfspeed Inc (NYSE: WOLF) stock enjoyed a major increase of 11.4%, closing at $36.35. Relative to the market the stock has been extremely weak over the last nine months but has risen 8.0% during the last week.

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Current PriceTarget Research Rating

WOLF is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Wolfspeed has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Wolfspeed has a poor Appreciation Score of 18 and a very low Power Rating of 3, and the Lowest Value Trend Rating results.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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