Updated Wolfspeed stock forecast data reflects heightened investor interest post-announcement of multi-year supply agreements with major EV OEMs, strengthening order book stability through Warren Buffett Warns Not to Repeat His Mistakes, ‘We’ve Never Succeeded in Making a Good Deal with a Bad Person’ Right now, the company is going through the Chapter 11 bankruptcy protection process. Buried under a mountain of expensive debt papers, Wolfspeed spent 43% of revenues in the latest quarterly report on interest fees. That didn't leave much room for innovation, investing in the future, or running a successful business. And profits were hard to find below the interest-paying line. Wolfspeed stock forecast continues to be under close watch by Wall Street analysts, with recent price targets ranging from $28 to $36 based on Q2 FY2024 revenue projections and EV market growth. Demand for silicon carbide continues to drive bullish sentiments among institutional investors.
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