WhiteFiber, Inc. (NASDAQ:WYFI) Stock Has Consensus Target Price of $38.00

Key Points

• Analysts maintain a moderately bullish outlook: WhiteFiber has a consensus “Moderate Buy” rating from 11 analysts, with nine buys, one hold and one sell. The average 12-month price target is $38.00, well above the recent $10.36 share price.
• The stock has experienced significant volatility and declines: Shares were down 7.7%, with a 52-week range of $9.31 to $46.87 and a beta of 6.32. Its 50-day and 200-day moving averages stood at $16.52 and $21.16, respectively.
• WhiteFiber remains unprofitable but is expanding in AI infrastructure: The company reported a quarterly loss of $0.39 per share on $28.84 million in revenue, while analysts project a full-year loss of $1.05 per share. Its business focuses on high-performance computing, data centers, power and connectivity for AI and other data-intensive workloads.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.00.

WYFI has been the subject of several research analyst reports. Barclays upped their target price on shares of WhiteFiber from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, August 14th. BTIG Research restated a "buy" rating and issued a $50.00 price target on shares of WhiteFiber in a research report on Wednesday, August 12th. Needham & Company LLC boosted their price objective on shares of WhiteFiber from $38.00 to $41.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. HC Wainwright began coverage on shares of WhiteFiber in a research report on Thursday, September 3rd. They set a "buy" rating and a $37.00 price objective for the company. Finally, Cantor Fitzgerald upgraded shares of WhiteFiber from a "neutral" rating to an "overweight" rating and increased their target price for the company from $27.00 to $36.00 in a research note on Thursday, August 13th.

WhiteFiber Trading Down 7.7%

Shares of NASDAQ:WYFI opened at $10.36 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.79 and a current ratio of 0.79. The stock's 50-day moving average is $16.52 and its 200-day moving average is $21.16. The company has a market cap of $469.10 million, a P/E ratio of -5.63 and a beta of 6.32. WhiteFiber has a 52-week low of $9.31 and a 52-week high of $46.87.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.01. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. The firm had revenue of $28.84 million during the quarter. Equities research analysts predict that WhiteFiber will post -1.05 earnings per share for the current year.

Institutional Trading of WhiteFiber

A number of hedge funds have recently modified their holdings of WYFI. Galaxy Digital Inc. bought a new stake in WhiteFiber in the 1st quarter valued at $834,000. Tidal Investments LLC raised its stake in shares of WhiteFiber by 115.9% in the 2nd quarter. Tidal Investments LLC now owns 125,510 shares of the company's stock valued at $4,876,000 after buying an additional 67,379 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of WhiteFiber by 196.0% during the 1st quarter. Sei Investments Co. now owns 72,138 shares of the company's stock worth $859,000 after acquiring an additional 47,770 shares during the period. Bank of America Corp DE lifted its holdings in shares of WhiteFiber by 220.9% during the 1st quarter. Bank of America Corp DE now owns 60,113 shares of the company's stock worth $716,000 after acquiring an additional 41,383 shares during the period. Finally, Sculptor Capital LP bought a new position in shares of WhiteFiber during the 1st quarter worth about $476,000.

About WhiteFiber

WhiteFiber, Inc NASDAQ: WYFI is a digital infrastructure company focused on providing high-performance computing resources for artificial intelligence, machine learning and other data-intensive workloads.

The company develops and operates infrastructure intended to support advanced computing, including data center capacity, power and connectivity solutions, and access to specialized computing resources. Its offerings are designed for customers that require scalable, reliable infrastructure for applications such as AI model development, cloud computing and high-performance computing.

WhiteFiber is an emerging company in the rapidly expanding AI and digital infrastructure sector.

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