NASDAQ:CREE - Cree Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $114.92
  • Forecasted Upside: 23.77 %
  • Number of Analysts: 14
  • Breakdown:
  • 0 Sell Ratings
  • 7 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$92.85
▲ +0.59 (0.64%)

This chart shows the closing price for CREE by one month, three months, or twelve months.

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Analyst Price Target for CREE

Analyst Price Target is $114.92
▲ +23.77% Upside Potential
This price target is based on 14 analysts offering 12 month price targets for Cree in the last 3 months. The average price target is $114.92, with a high forecast of $160.00 and a low forecast of $68.00. The average price target represents a 23.77% upside from the last price of $92.85.

This chart shows the closing price for CREE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 14 investment analysts is to buy stock in Cree. This rating has held steady since March 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 4 buy ratings
  • 7 hold ratings
  • 2 sell ratings
12/30/2019
  • 0 strong buy ratings
  • 5 buy ratings
  • 8 hold ratings
  • 2 sell ratings
3/29/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 8 hold ratings
  • 2 sell ratings
6/27/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 8 hold ratings
  • 0 sell ratings
9/25/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 7 hold ratings
  • 0 sell ratings
12/24/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 7 hold ratings
  • 0 sell ratings
3/24/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
5/23/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
6/22/2021

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/10/2021JPMorgan Chase & Co.UpgradeUnderweight ➝ NeutralHigh
5/5/2021JPMorgan Chase & Co.Reiterated RatingUnderweight ➝ Neutral$108.00Low
4/29/2021Canaccord GenuityBoost Price TargetBuy$120.00 ➝ $126.00High
4/29/2021JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$108.00High
4/26/2021Morgan StanleyBoost Price TargetEqual Weight$93.00 ➝ $100.00High
4/9/2021Deutsche Bank AktiengesellschaftBoost Price TargetHold$100.00 ➝ $110.00High
4/8/2021Wells Fargo & CompanyBoost Price TargetEqual Weight$100.00 ➝ $115.00Low
3/29/2021New Street ResearchInitiated CoverageBuy$120.00High
3/1/2021Bank of AmericaInitiated CoverageBuy$140.00 ➝ $140.00Low
2/25/2021Charter EquityUpgradeMarket Perform ➝ Market OutperformHigh
2/22/2021CowenUpgradeMarket Perform ➝ Outperform$90.00 ➝ $150.00High
2/17/2021CitigroupUpgradeNeutral ➝ Buy$105.00 ➝ $160.00Low
1/28/2021Roth CapitalUpgradeNeutral ➝ BuyLow
1/28/2021Wells Fargo & CompanyBoost Price TargetEqual Weight$65.00 ➝ $100.00High
1/28/2021Canaccord GenuityBoost Price TargetBuy$80.00 ➝ $120.00High
1/27/2021Roth CapitalBoost Price TargetIn-Line ➝ Neutral$65.00 ➝ $105.00Medium
1/26/2021Deutsche Bank AktiengesellschaftBoost Price TargetHold$60.00 ➝ $100.00Low
1/25/2021CitigroupBoost Price Target$71.00 ➝ $125.00High
1/5/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$98.00 ➝ $108.00N/A
12/29/2020The Goldman Sachs GroupBoost Price TargetNeutral$67.00 ➝ $77.00N/A
12/9/2020JPMorgan Chase & Co.Boost Price TargetOverweight$90.00 ➝ $98.00High
12/7/2020Morgan StanleyDowngradeOverweight ➝ Equal Weight$93.00Low
11/19/2020JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$90.00High
10/29/2020Wells Fargo & CompanyLower Price TargetEqual Weight$75.00 ➝ $65.00High
10/29/2020Piper SandlerLower Price TargetNeutral$73.00 ➝ $68.00Medium
10/29/2020Canaccord GenuityBoost Price TargetBuy$79.00 ➝ $80.00High
10/29/2020Roth CapitalLower Price TargetNeutral$75.00 ➝ $65.00High
10/26/2020Charter EquityReiterated RatingMarket Outperform ➝ Market PerformMedium
10/20/2020Piper SandlerBoost Price TargetAverage ➝ Neutral$65.00 ➝ $73.00Low
9/4/2020Canaccord GenuityReiterated RatingBuyMedium
8/20/2020CitigroupLower Price Target$82.00 ➝ $71.00Low
8/19/2020Wells Fargo & CompanyBoost Price TargetEqual Weight$45.00 ➝ $65.00High
8/19/2020Canaccord GenuityBoost Price TargetBuy$72.00 ➝ $79.00High
8/19/2020Roth CapitalDowngradeBuy ➝ Neutral$55.00 ➝ $75.00High
8/19/2020Morgan StanleyBoost Price TargetOverweight$68.00 ➝ $74.00High
8/19/2020Charter EquityReiterated RatingBuyHigh
8/19/2020Piper SandlerBoost Price TargetNeutral$46.00 ➝ $65.00High
8/19/2020The Goldman Sachs GroupBoost Price TargetIn-Line ➝ Neutral$56.00 ➝ $64.00High
8/19/2020JMP SecuritiesDowngradeOutperform ➝ Market PerformHigh
8/17/2020Deutsche Bank AktiengesellschaftBoost Price TargetHold$45.00 ➝ $60.00Low
8/12/2020CitigroupInitiated CoverageNeutral$82.00Medium
7/10/2020Canaccord GenuityReiterated RatingBuy$53.00 ➝ $72.00Low
6/22/2020Morgan StanleyReiterated RatingBuy$68.00Low
6/16/2020Morgan StanleyBoost Price TargetOverweight$54.00 ➝ $68.00Medium
6/10/2020The Goldman Sachs GroupDowngradeBuy ➝ Neutral$50.00 ➝ $56.00High
5/26/2020JMP SecuritiesUpgradeMarket Perform ➝ Outperform$74.00Medium
5/20/2020JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$40.00 ➝ $60.00High
4/30/2020Canaccord GenuityBoost Price TargetBuy$44.00 ➝ $53.00Low
4/30/2020Wells Fargo & CompanyBoost Price TargetEqual Weight$35.00 ➝ $45.00Medium
4/30/2020Roth CapitalBoost Price TargetIn-Line ➝ Buy$50.00 ➝ $55.00High
4/17/2020JPMorgan Chase & Co.Boost Price TargetUnderweight$30.00 ➝ $36.00Low
4/3/2020Canaccord GenuityReiterated RatingBuy$55.00 ➝ $44.00Medium
4/1/2020Piper SandlerUpgradeUnderweight ➝ Neutral$40.00 ➝ $37.00High
3/30/2020Morgan StanleyLower Price TargetOverweight$61.00 ➝ $54.00Medium
3/27/2020Deutsche Bank AktiengesellschaftLower Price TargetHold$45.00 ➝ $42.00High
3/18/2020JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$30.00High
3/10/2020JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$38.00High
2/27/2020Morgan StanleyInitiated CoverageOverweight$62.00 ➝ $62.00Low
1/10/2020Charter EquityInitiated CoverageBuyHigh
11/21/2019Canaccord GenuityReiterated RatingBuy$57.00Low
10/31/2019Roth CapitalLower Price Target$67.00 ➝ $61.00High
10/31/2019Canaccord GenuityLower Price TargetBuy$64.00 ➝ $57.00High
10/31/2019BMO Capital MarketsLower Price TargetMarket Perform$45.00Medium
10/31/2019JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$43.00 ➝ $40.00Medium
10/11/2019Wells Fargo & CompanyInitiated CoverageMarket Perform$50.00Low
10/8/2019Canaccord GenuityReiterated RatingBuy$72.00 ➝ $64.00High
9/6/2019Canaccord GenuitySet Price TargetBuy$72.00High
8/29/2019BNP ParibasInitiated CoverageUnderperform$40.00Low
8/27/2019JPMorgan Chase & Co.Set Price TargetUnderweight ➝ Neutral$45.00Low
8/26/2019Piper Jaffray CompaniesDowngradeNeutral ➝ Underweight$57.00 ➝ $38.00High
8/21/2019Piper Jaffray CompaniesSet Price TargetHold$57.00Medium
8/21/2019Deutsche Bank AktiengesellschaftLower Price TargetHold$55.00 ➝ $52.00High
8/21/2019BMO Capital MarketsLower Price TargetMarket Perform$55.00 ➝ $50.00High
8/21/2019Canaccord GenuityReiterated RatingBuy ➝ Buy$78.00 ➝ $72.00High
8/21/2019JMP SecuritiesDowngradeOutperform ➝ Market PerformHigh
6/17/2019JMP SecuritiesBoost Price TargetMarket Outperform$71.00 ➝ $81.00Low
6/13/2019Roth CapitalLower Price TargetBuy$73.00 ➝ $67.00High
6/3/2019BMO Capital MarketsDowngradeOutperform ➝ Market Perform$55.00Medium
5/2/2019CowenSet Price TargetHold$55.00Medium
5/2/2019CIBCReiterated RatingOutperform ➝ Market PerformHigh
5/2/2019Canaccord GenuityReiterated RatingBuy$81.00 ➝ $78.00High
5/2/2019CitigroupDowngradeOutperform ➝ Market PerformHigh
5/2/2019OppenheimerDowngradeOutperform ➝ Market Perform$58.00 ➝ $64.78High
4/15/2019Canaccord GenuityReiterated RatingBuy ➝ Buy$60.00 ➝ $81.00Low
3/20/2019JMP SecuritiesUpgradeMarket Perform ➝ Outperform$56.29 ➝ $74.00Medium
1/31/2019OppenheimerBoost Price TargetOutperform$53.00 ➝ $59.00Low
1/29/2019JMP SecuritiesDowngradeOutperform ➝ Market Perform$49.32High
12/9/2018JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$45.96Low
11/30/2018JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$35.00Medium
11/12/2018BMO Capital MarketsInitiated CoverageOutperform$55.00High
11/8/2018The Goldman Sachs GroupUpgradeNeutral ➝ Buy$58.00High
10/17/2018Deutsche Bank AktiengesellschaftLower Price TargetHold$42.00High
10/17/2018JMP SecuritiesSet Price TargetBuy$46.00High
10/17/2018Nomura SecuritiesSet Price TargetNeutral ➝ Hold$44.00 ➝ $40.00High
10/17/2018Canaccord GenuitySet Price TargetBuy ➝ Buy$60.00 ➝ $58.00High
10/11/2018CowenSet Price TargetHold$45.00 ➝ $38.00Medium
10/9/2018JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$35.00Low
9/11/2018Roth CapitalUpgradeNeutral ➝ Buy$50.00 ➝ $60.00High
8/27/2018Deutsche Bank AktiengesellschaftInitiated CoverageHold ➝ Hold$47.00High
8/15/2018Roth CapitalSet Price TargetHold$50.00Low
8/14/2018Canaccord GenuitySet Price TargetBuy ➝ Buy$60.00High
8/9/2018CowenReiterated RatingHold$45.00Low
8/3/2018Canaccord GenuityInitiated CoverageBuy$61.00High
7/18/2018Nomura SecuritiesInitiated CoverageNeutral$44.00Low
6/27/2018Roth CapitalBoost Price TargetNeutral$39.00 ➝ $45.00High
4/25/2018CIBCUpgradeMarket Perform ➝ OutperformHigh
4/25/2018SunTrust BanksBoost Price TargetBuy ➝ Market Perform$39.36 ➝ $53.00High
4/25/2018OppenheimerUpgradeMarket Perform ➝ Outperform$53.00High
4/25/2018Piper Jaffray CompaniesReiterated RatingHold$45.00High
3/20/2018Deutsche Bank AktiengesellschaftSet Price TargetBuy$52.00Low
3/7/2018KeyCorpReiterated RatingHoldLow
3/7/2018Williams CapitalReiterated RatingHold ➝ Hold$36.00 ➝ $38.00High
3/7/2018The Goldman Sachs GroupUpgradeSell ➝ Neutral$39.00 ➝ $41.76High
3/6/2018CowenSet Price TargetHold$37.00Low
2/27/2018Williams CapitalReiterated RatingHold ➝ Hold$32.00 ➝ $36.00High
2/7/2018JPMorgan Chase & Co.Set Price TargetSell$28.00Low
1/24/2018Canaccord GenuityBoost Price TargetHold ➝ Hold$26.00 ➝ $31.00High
1/24/2018OppenheimerReiterated RatingHoldHigh
1/24/2018Deutsche Bank AktiengesellschaftSet Price TargetBuy$45.00Low
1/24/2018CowenSet Price TargetHold$30.00Low
1/24/2018Williams CapitalUpgradeSell ➝ Hold$27.00 ➝ $32.00High
1/23/2018Tigress FinancialDowngradeStrong-Buy ➝ NeutralHigh
1/23/2018Roth CapitalDowngradeBuy ➝ Neutral$35.00High
12/20/2017Piper Jaffray CompaniesInitiated CoverageNeutral ➝ Neutral$37.00Low
12/20/2017Deutsche Bank AktiengesellschaftSet Price TargetBuy$45.00Low
12/19/2017JPMorgan Chase & Co.Set Price TargetSell$28.00Medium
12/19/2017Northland SecuritiesReiterated RatingMarket Perform ➝ Under Perform$28.00High
12/12/2017Deutsche Bank AktiengesellschaftSet Price TargetBuy$45.00High
12/11/2017KeyCorpReiterated RatingHoldHigh
11/6/2017Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$26.00 ➝ $45.00N/A
10/19/2017Williams CapitalDowngradeHold ➝ Sell$27.00N/A
10/18/2017The Goldman Sachs GroupSet Price TargetSell$19.00N/A
10/18/2017OppenheimerReiterated RatingHoldN/A
10/18/2017Bank of AmericaBoost Price TargetNeutral$31.00 ➝ $32.00N/A
10/18/2017JMP SecuritiesSet Price TargetBuy$29.00 ➝ $41.00N/A
10/16/2017Roth CapitalSet Price TargetBuy$35.00N/A
10/6/2017JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$23.00 ➝ $28.00N/A
9/28/2017Northland SecuritiesReiterated RatingHold$28.00Low
9/26/2017Needham & Company LLCReiterated RatingHoldLow
8/25/2017KeyCorpReiterated RatingEqual Weight$21.00Low
8/23/2017Bank of AmericaLower Price TargetNeutral$28.00 ➝ $26.00High
8/23/2017CowenSet Price TargetHold$22.00Medium
8/23/2017Deutsche Bank AktiengesellschaftReiterated RatingHold$24.00 ➝ $22.00Medium
8/23/2017Canaccord GenuityReiterated RatingHold$23.00High
8/23/2017StephensDowngradeEqual Weight ➝ Underweight$27.50 ➝ $16.50High
8/22/2017Roth CapitalSet Price TargetBuy$29.00High
6/20/2017Roth CapitalReiterated RatingBuy$27.00 ➝ $29.00Low
6/5/2017JPMorgan Chase & Co.Reiterated RatingNeutral$25.00 ➝ $26.00Medium
5/22/2017JMP SecuritiesUpgradeMarket Perform ➝ Outperform$23.81 ➝ $29.00High
4/29/2017Deutsche Bank AktiengesellschaftReiterated RatingHold$28.00 ➝ $24.00Low
4/26/2017CowenReiterated RatingMarket PerformHigh
4/26/2017Williams CapitalLower Price TargetHold$27.00 ➝ $25.00High
4/21/2017Canaccord GenuityReiterated RatingHold$23.00Low
3/31/2017Roth CapitalReiterated RatingBuy$34.00 ➝ $33.00High
2/21/2017JPMorgan Chase & Co.Reiterated RatingOverweight ➝ Overweight$30.00N/A
2/17/2017Needham & Company LLCReiterated RatingHoldN/A
2/9/2017Roth CapitalSet Price TargetBuy$34.00N/A
2/9/2017Canaccord GenuityReiterated RatingHold$23.00N/A
2/9/2017JMP SecuritiesDowngradeOutperform ➝ Market PerformN/A
1/25/2017Williams CapitalBoost Price TargetHold$23.00 ➝ $24.00N/A
1/25/2017UBS GroupBoost Price TargetSell$19.00 ➝ $20.00N/A
1/25/2017Needham & Company LLCReiterated RatingHoldN/A
1/19/2017Canaccord GenuityBoost Price TargetHold$20.00 ➝ $23.00N/A
12/27/2016The Goldman Sachs GroupSet Price TargetSell$17.00N/A
12/21/2016The Goldman Sachs GroupSet Price TargetSell$17.00N/A
12/8/2016JMP SecuritiesInitiated CoverageOutperform$32.00N/A
11/8/2016Canaccord GenuitySet Price TargetHold$20.00N/A
10/23/2016OppenheimerReiterated RatingMarket PerformN/A
10/21/2016Needham & Company LLCReiterated RatingHoldN/A
10/21/2016Deutsche Bank AktiengesellschaftReiterated RatingHold$26.00 ➝ $22.00N/A
10/19/2016Roth CapitalSet Price TargetBuy$34.00N/A
10/19/2016UBS GroupLower Price TargetNeutral$21.00 ➝ $19.00N/A
10/19/2016StephensDowngradeOverweight ➝ Equal WeightN/A
9/30/2016Williams CapitalInitiated CoverageHold$23.00N/A
9/23/2016Canaccord GenuityReiterated RatingHoldN/A
8/25/2016Roth CapitalInitiated CoverageBuy$34.00N/A
8/18/2016OppenheimerReiterated RatingMarket PerformN/A
8/17/2016Canaccord GenuityReiterated RatingHold$24.00 ➝ $22.00N/A
8/17/2016Northland SecuritiesDowngradeOutperform ➝ Market PerformN/A
8/17/2016The Goldman Sachs GroupLower Price TargetSell$20.00 ➝ $18.00N/A
8/17/2016Needham & Company LLCReiterated RatingNeutralN/A
8/17/2016UBS GroupDowngradeNeutral ➝ Sell$24.50 ➝ $21.00N/A
7/18/2016UBS GroupReiterated RatingHold$24.50N/A
7/17/2016CowenReiterated RatingHoldN/A
7/17/2016Needham & Company LLCReiterated RatingHoldN/A
7/17/2016Canaccord GenuityReiterated RatingHold$19.00 ➝ $24.00N/A
7/15/2016Deutsche Bank AktiengesellschaftBoost Price TargetHold$23.00 ➝ $26.00N/A
(Data available from 6/23/2016 forward)
Cree logo
Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment offers gallium nitride (GaN) die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors for telecommunications infrastructure, military, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. The LED Products segment provides blue and green LED chip products for video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. It also offers XLamp LED components and LED modules for lighting applications; and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.
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Today's Range

Now: $92.85
Low: $91.04
High: $92.94

50 Day Range

MA: $99.05
Low: $88.24
High: $119.02

52 Week Range

Now: $92.85
Low: $56.39
High: $129.90

Volume

757,178 shs

Average Volume

1,668,030 shs

Market Capitalization

$10.72 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.51

Frequently Asked Questions

What sell-side analysts currently cover shares of Cree?

The following Wall Street sell-side analysts have issued research reports on Cree in the last year: Bank of America Co., Canaccord Genuity, Charter Equity, Citigroup Inc., Cowen Inc, Deutsche Bank Aktiengesellschaft, JMP Securities, JPMorgan Chase & Co., Morgan Stanley, New Street Research, Piper Sandler, Roth Capital, The Goldman Sachs Group, Inc., TheStreet, Wells Fargo & Company, and Zacks Investment Research.
View the latest analyst ratings for CREE.

What is the current price target for Cree?

12 Wall Street analysts have set twelve-month price targets for Cree in the last year. Their average twelve-month price target is $114.92, suggesting a possible upside of 23.8%. Citigroup Inc. has the highest price target set, predicting CREE will reach $160.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $68.00 for Cree in the next year.
View the latest price targets for CREE.

What is the current consensus analyst rating for Cree?

Cree currently has 7 hold ratings and 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CREE will outperform the market and that investors should add to their positions of Cree.
View the latest ratings for CREE.

What other companies compete with Cree?

How do I contact Cree's investor relations team?

Cree's physical mailing address is 4600 Silicon Drive, DURHAM NC, 27703. The LED producer's listed phone number is 919-407-5300 and its investor relations email address is [email protected] The official website for Cree is www.cree.com.