WhiteFiber (NASDAQ:WYFI) Sees Large Volume Increase – Still a Buy?

WhiteFiber, Inc. (NASDAQ:WYFI) saw an uptick in trading volume on Tuesday . 911,830 shares traded hands during trading, an increase of 4% from the previous session’s volume of 875,411 shares.The stock last traded at $17.30 and had previously closed at $16.91.

Analysts Set New Price Targets

Several research firms have issued reports on WYFI. B. Riley began coverage on shares of WhiteFiber in a research note on Tuesday. They set a “buy” rating and a $34.00 price objective for the company. Wall Street Zen upgraded shares of WhiteFiber to a “hold” rating in a research note on Saturday, August 16th. Craig Hallum initiated coverage on shares of WhiteFiber in a research report on Tuesday. They set a “buy” rating and a $25.00 target price on the stock. Macquarie initiated coverage on shares of WhiteFiber in a research report on Tuesday. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Roth Capital initiated coverage on shares of WhiteFiber in a research report on Tuesday. They set a “buy” rating and a $25.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, WhiteFiber presently has a consensus rating of “Buy” and an average price target of $29.20.

WhiteFiber Price Performance

About WhiteFiber

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”).