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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。