Craig Hallum Initiates Coverage on WhiteFiber (NASDAQ:WYFI)

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 researchers at Craig Hallum began coverage on shares of WhiteFiber (NASDAQ:WYFI - Get Free Report) in a research note issued on Tuesday, Marketbeat.com 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 current price.

WYFI has been the subject of a number of other research reports. B. Riley assumed coverage on shares of WhiteFiber in a research note on Tuesday. They issued a "buy" rating and a $34.00 target price for the company. Roth Capital assumed coverage on shares of WhiteFiber in a research note on Tuesday. They issued a "buy" rating and a $25.00 target price for the company. Macquarie assumed coverage on shares of WhiteFiber in a research note on Tuesday. They issued an "outperform" rating and a $28.00 target price for the company. Needham & Company LLC assumed coverage on shares of WhiteFiber in a research note on Tuesday. They issued a "buy" rating and a $34.00 target price for the company. Finally, Wall Street Zen upgraded shares of WhiteFiber to a "hold" rating in a research note on Saturday, August 16th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.20.

WhiteFiber Stock Up 0.5%

NASDAQ WYFI traded up $0.08 during trading on Tuesday, reaching $16.34. 300,546 shares of the company traded hands, compared to its average volume of 903,746. WhiteFiber has a 1-year low of $14.01 and a 1-year high of $25.13.

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”).