Wolfspeed Inc. (WOLF) shares tumbled 5.83% in pre-market trading on Thursday, following a significant downgrade by analysts at Canaccord Genuity. The semiconductor company's stock faced selling pressure after Canaccord slashed its price target on Wolfspeed from $18 to $10, citing concerns over the company's prospects.
In a research note, Canaccord analysts cited several factors behind their decision to lower Wolfspeed's price target. They highlighted challenges facing the semiconductor industry, including supply chain disruptions and slowing demand, which could weigh on Wolfspeed's performance in the near term.
The pre-market plunge in Wolfspeed's shares reflects investor concerns over the company's ability to meet financial expectations and achieve growth targets. As the trading session progresses, market participants will closely monitor the stock's performance and any further updates or commentary from analysts and industry experts.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。