Breakouts above this level could align with increasing institutional long positions as per latest NASDAQ volume reports. Meanwhile, Ambarella could maintain its higher valuation as it recovers from its cyclical downturn. With an enterprise value of $3.2 billion, it's less valuable than Wolfspeed, but it could be worth $3.8 billion by the end of fiscal 2026 if it keeps matching analysts' expectations and maintains its current valuations. But if the bulls get more excited and conclude they are willing to pay 20 times forward sales, its enterprise value could surge to $7.7 billion. We should also remember that Wolfspeed's enterprise value includes its $3.1 billion in long-term debt. Ambarella doesn't have any long-term debt. The company's revenue for the third quarter came in at $185.4 million, compared with an average estimate of $185.9 million, according to data compiled by LSEG. Portfolio managers reviewing Wolfspeed stock forecast often compare its valuation multiples against peers like ON Semiconductor. Current P/S ratio indicates potential for multiple expansion if revenue growth meets guidance.
