WhiteFiber, Inc. (NASDAQ:WYFI) Receives $34.00 Consensus PT from Analysts

WhiteFiber, Inc. (NASDAQ:WYFI) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $37.5714.

A number of research analysts recently issued reports on WYFI shares. UBS Group set a $51.00 price target on shares of WhiteFiber in a research note on Monday, October 6th. Craig Hallum assumed coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They set a “buy” rating and a $25.00 price objective for the company. Roth Capital boosted their price objective on shares of WhiteFiber from $28.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley restated a “buy” rating on shares of WhiteFiber in a research report on Wednesday, October 22nd. Finally, Macquarie boosted their price objective on shares of WhiteFiber from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th.

WhiteFiber Stock Down 8.5%

Shares of WhiteFiber stock opened at $33.84 on Wednesday. WhiteFiber has a 52-week low of $14.01 and a 52-week high of $40.75. The business has a 50 day moving average price of $25.49.

Institutional Trading of WhiteFiber

An institutional investor recently bought a new position in WhiteFiber stock. Gladstone Institutional Advisory LLC acquired a new position in shares of WhiteFiber, Inc. (NASDAQ:WYFI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,850 shares of the company’s stock, valued at approximately $349,000.

WhiteFiber Company Profile

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”).