Fermi Inc. (NASDAQ:FRMI - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $14.34, but opened at $13.84. Fermi shares last traded at $13.17, with a volume of 811,672 shares traded.
Wall Street Analysts Forecast Growth
FRMI has been the topic of several analyst reports. Macquarie reissued an "outperform" rating and issued a $35.00 target price on shares of Fermi in a research note on Wednesday, November 12th. Rothschild & Co Redburn initiated coverage on shares of Fermi in a report on Monday, October 27th. They set a "buy" rating and a $31.00 price objective on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Fermi in a research report on Wednesday, November 12th. Berenberg Bank initiated coverage on Fermi in a report on Monday, October 27th. They set a "buy" rating and a $37.00 target price for the company. Finally, Zacks Research raised Fermi to a "hold" rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $31.56.
Read Our Latest Research Report on FRMI
Fermi Price Performance
Fermi (NASDAQ:FRMI - Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.84) earnings per share for the quarter.
Fermi Company Profile
(
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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.
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