11 Stocks That Will Go to the Moon According to Reddit

1. Wolfspeed, Inc. (NYSE:WOLF)

Analyst Upside as of January 14, 2025: 162%

Number of Hedge Fund Holders: 26

Wolfspeed, Inc. (NYSE:WOLF) develops and manufactures semiconductors that power the next generation of disruptive innovations. Its products include silicon carbide material, power modules, and discrete power devices. In the later part of 2024, WOLF has focused on improving its capital structure, business structure, and profitability across primary segments.

In the first fiscal quarter of 2025, Wolfspeed, Inc. (NYSE:WOLF) generated $195 million in consolidated revenue. Of this, its Mohawk Valley Fab contributed nearly $49 million. The company poses a solid growth opportunity, as it builds its footprint in its factories at Mohawk Valley and North Carolina. The two locations are expected to return $3 billion in revenue annually. George Gianarikas, an analyst at Canaccord Genuity, maintained a buy rating on the stock and set a price target of $18, on December 10.

In addition to the company’s performance and forward outlook, Gianarikas shared a buy rating because of the company’s strategic decisions which are expected to boost its financial performance. For example, the company recently initiated an “at the market” offering worth $200 million, which happens to align with the CHIPS Act. The Street is also bullish on the stock, and analysts’ median price target implies an upside of 162% from current levels, as of January 14, 2025.

While we acknowledge the potential of WOLF to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WOLF but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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