Fermi (NASDAQ:FRMI) Earns Buy Rating from Analysts at UBS Group

UBS Group began coverage on shares of Fermi (NASDAQ:FRMI) in a report released on Monday, Marketbeat reports. The brokerage issued a buy rating and a $30.00 price target on the stock.

Other equities research analysts also recently issued research reports about the stock. Berenberg Bank initiated coverage on shares of Fermi in a research note on Monday. They issued a “buy” rating and a $37.00 price objective on the stock. Rothschild & Co Redburn initiated coverage on Fermi in a research report on Monday. They set a “buy” rating and a $31.00 target price on the stock. Macquarie initiated coverage on Fermi in a research note on Monday. They set an “outperform” rating and a $35.00 price target on the stock. Rothschild Redb upgraded Fermi to a “strong-buy” rating in a research report on Monday. Finally, Redburn Partners set a $31.00 price objective on Fermi in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $31.56.

Fermi Stock Performance

Shares of Fermi stock opened at $28.71 on Monday. Fermi has a 1 year low of $18.70 and a 1 year high of $36.99.

About Fermi

Fermi’s mission is to power the artificial intelligence (“AI”) needs of tomorrow. We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1.1 GW of power projected to be online by the end of 2026.