Why Wolfspeed Stock Plummeted 25.8% Today
Shares of (NYSE: WOLF) are crashing on Friday. The chipmaker's stock plunged 25.8% as of 3:32 p.m. ET and was down as much as 29.3% earlier in the day. The steep decline comes as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were pretty much flat.
The company reported somewhat positive third-quarter results, but issued a 2026 revenue forecast that fell well short of Wall Street's expectations.
Wolfspeed reported Q3 2025 revenue of $185.4 million, slightly missing the estimated $185.9 million. The company did manage to beat Wall Street's target for earnings, however, reporting a net loss of $0.72 per share when a loss of $0.82 per share was expected.
Source Fool.com
Wolfspeed Inc. Stock
€1.28
3.060%
Based on 3 Buy predictions and 2 Sell predictions the sentiment towards Wolfspeed Inc. is rather balanced.
With a target price of 9 € there is potential for a 603.95% increase which would mean more than doubling the current price of 1.28 € for Wolfspeed Inc..
