WhiteFiber, Inc. (NASDAQ:WYFI) Receives $35.86 Average Target Price from Analysts

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $35.8571.

WYFI has been the subject of several research reports. Needham & Company LLC dropped their price target on WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Roth Capital dropped their target price on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a report on Friday. Craig Hallum assumed coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $25.00 target price for the company. HC Wainwright started coverage on shares of WhiteFiber in a research report on Wednesday, October 1st. They set a “buy” rating and a $34.00 price target on the stock. Finally, Zacks Research raised shares of WhiteFiber to a “hold” rating in a research note on Wednesday, September 3rd.

Institutional Investors Weigh In On WhiteFiber

Several hedge funds and other institutional investors have recently made changes to their positions in WYFI. Gladstone Institutional Advisory LLC purchased a new position in WhiteFiber during the third quarter worth approximately $349,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of WhiteFiber during the 3rd quarter worth $1,167,000. Principal Financial Group Inc. acquired a new position in shares of WhiteFiber during the 3rd quarter valued at about $1,534,000. J.W. Cole Advisors Inc. acquired a new position in shares of WhiteFiber during the 3rd quarter valued at about $260,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of WhiteFiber in the third quarter valued at about $2,718,000.

WhiteFiber Stock Performance

WYFI stock opened at $16.86 on Friday. WhiteFiber has a 12-month low of $14.01 and a 12-month high of $40.75. The business has a 50-day moving average price of $28.45.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.35). The business had revenue of $20.18 million during the quarter, compared to the consensus estimate of $21.18 million. The firm’s revenue for the quarter was up 64.2% compared to the same quarter last year.

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”).