WhiteFiber (NASDAQ:WYFI) Coverage Initiated at Craig Hallum

Key Points

• Craig Hallum has initiated coverage of WhiteFiber (NASDAQ:WYFI) with a "buy" rating and a price target of $25.00, indicating a potential upside of 47.84% from the previous close.
• Several other firms, including Macquarie and B. Riley, have also commenced coverage on WhiteFiber, with price targets ranging from $25.00 to $34.00 and a consensus rating of "Buy".
• WhiteFiber's stock recently opened at $16.91, with a 52-week range of $14.01 to $25.13, reflecting volatility in its market performance.

Equities research analysts at Craig Hallum initiated coverage on shares of WhiteFiber (NASDAQ:WYFI - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage set a "buy" rating and a $25.00 price target on the stock. Craig Hallum's price target would indicate a potential upside of 53.00% from the company's previous close.

WYFI has been the subject of several other reports. Needham & Company LLC began coverage on shares of WhiteFiber in a report on Tuesday, September 2nd. They issued 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 report on Saturday, August 16th. Roth Capital began coverage on shares of WhiteFiber in a report on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 price objective for the company. B. Riley began coverage on shares of WhiteFiber in a report on Tuesday, September 2nd. They issued a "buy" rating and a $34.00 price objective for the company. Finally, Macquarie began coverage on shares of WhiteFiber in a report on Tuesday, September 2nd. They issued an "outperform" rating and a $28.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $29.20.

WhiteFiber Price Performance

WYFI traded up $0.08 during trading on Tuesday, hitting $16.34. 300,546 shares of the stock traded hands, compared to its average volume of 903,746. WhiteFiber has a 12-month low of $14.01 and a 12-month high of $25.13.

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”).