Cree Inc (CREE) Forecast, Price Target & Analyst Ratings

NASDAQ:CREE

Current stock price

79.12
-1.61 (-1.99%)
At close:
79.78
+0.66 (+0.83%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for Cree Inc (CREE).

Forecast Snapshot

Consensus Price Target

Price Target
$102.47
+ 29.51% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
N/A
Period
Q1 / 2022
EPS Estimate
-$0.21
Revenue Estimate
173.741M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
75.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$102.47
Upside
+ 29.51%
From current price of $79.12 to mean target of $102.47, Based on 12 analyst forecasts
Low
$70.70
Median
$94.86
High
$157.50

Price Target Revisions

1 Month
N/A
3 Months
N/A

Price Target Summary

12 Wall Street analysts provided a forecast for the next 12 months for CREE. The average price target is 102.47 null. This implies a price increase of 29.51% is expected in the next year compared to the current price of 79.12.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CREE Current Analyst RatingCREE Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 1 2 3 4 5

Analyst Ratings History

CREE Historical Analyst RatingsCREE Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
75.00%
CREE was analyzed by 12 analysts. The buy percentage consensus is at 75. So analysts seem to be have mildly positive about CREE.
In the previous month the buy percentage consensus was at a similar level.
CREE was analyzed by 12 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2021-09-27Deutsche BankMaintains Hold
2021-09-17B of A SecuritiesDowngrade Neutral -> Underperform
2021-08-18Wells FargoMaintains Equal-Weight
2021-08-18Canaccord GenuityMaintains Buy
2021-08-18Piper SandlerMaintains Neutral
2021-08-16Cowen & Co.Maintains Outperform
2021-07-12Canaccord GenuityMaintains Buy
2021-05-10JP MorganUpgrade Underweight -> Neutral
2021-04-29JP MorganDowngrade Neutral -> Underweight
2021-04-26Morgan StanleyMaintains Equal-Weight
2021-04-09Deutsche BankMaintains Hold
2021-04-08Wells FargoMaintains Equal-Weight
2021-03-29New StreetInitiate Buy
2021-02-19Charter EquityUpgrade Market Perform -> Market Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
N/A
Period
Q1 / 2022
EPS Estimate
-$0.21
Revenue Estimate
173.741M
Revenue Q2Q
30.86%
EPS Q2Q
-8.82%
Number of Analysts
16

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
N/A
EPS (3 Months)
N/A

Next Earnings Summary

→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2022 - 2026

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Revenue
YoY % growth
CREE revenue by date.CREE revenue by date.
N/AN/A
-0.90%		N/A
-11.53%		N/A
3.83%		N/A
-9.41%		N/A
-33.29%		N/A
-30.21%		N/A
6.86%		N/A
48.96%		N/A
44.26%		N/A
43.73%		N/A
46.61%
EBITDA
YoY % growth
CREE ebitda by date.CREE ebitda by date.
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
EBIT
YoY % growth
CREE ebit by date.CREE ebit by date.
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Margin
CREE operating margin by date.CREE operating margin by date.
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
EPS
YoY % growth
CREE eps by date.CREE eps by date.
0.600.87
45.00%		0.44
-49.43%		0.18
-59.09%		0.76
322.22%		-0.45
-159.21%		-0.88
-95.56%		N/A
-2.70%		N/A
108.12%		N/A
2,326.31%		N/A
145.10%		N/A
150.00%

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 22 Q2 / 22 Q3 / 22 Q4 / 22 Q1 / 23 Q2 / 23 Q3 / 23 Q4 / 23 Q1 / 24 Q2 / 24
EPS
Q2Q % growth		-0.21
-8.82%		-0.18
26.35%		-0.08
64.24%		-0.03
88.60%		0.05
125.37%		0.11
163.48%		0.43
644.46%		0.47
1,889.19%		0.55
949.97%		0.63
463.64%
Revenue
Q2Q % growth		173.741M
30.86%		190.92M
28.94%		222.3M
46.10%		238.532M
48.10%		260.959M
50.20%		283.019M
48.24%		367.15M
65.16%		387.545M
62.47%		402.255M
54.15%		425.611M
50.38%
EBITDA
Q2Q % growth		N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
EBIT
Q2Q % growth		N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CREE Yearly Revenue VS EstimatesCREE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B
CREE Yearly EPS VS EstimatesCREE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 4 6 8 10

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
59.04%
EPS Next 5 Year
70.46%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
31.93%
Revenue Next 5 Year
37.07%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

Cree Inc / CREE Forecast FAQ

What do analysts expect the price target to be for Cree Inc (CREE)?

12 analysts have analysed CREE and the average price target is 102.47 null. This implies a price increase of 29.51% is expected in the next year compared to the current price of 79.12.

What are the consensus estimates for Cree Inc (CREE) next earnings?

The consensus EPS estimate for the next earnings of Cree Inc (CREE) is -0.21 null and the consensus revenue estimate is 173.74M null.

Can you provide the analyst count for Cree Inc stock?

The number of analysts covering Cree Inc (CREE) is 12.