HC Wainwright Issues Pessimistic Forecast for WhiteFiber (NASDAQ:WYFI) Stock Price

Key Points

• HC Wainwright cut its price target on WhiteFiber from $34 to $20 but maintained a "buy" rating, a target that implies roughly a 64.47% upside from the current share price.
• Analyst consensus is a "Moderate Buy" (9 Buys, 1 Hold, 1 Sell) with an average target of $34.67, even as the stock trades near its 1‑year low at $12.16 and was down 17.2% on the day.
• WhiteFiber has a market cap of about $465 million and a negative P/E (-25.87); several institutions made small recent purchases, indicating modest but growing institutional interest.

WhiteFiber (NASDAQ:WYFI - Get Free Report) had its price target reduced by HC Wainwright from $34.00 to $20.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's price objective indicates a potential upside of 64.47% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Compass Point initiated coverage on shares of WhiteFiber in a report on Tuesday, December 16th. They issued a "buy" rating and a $32.00 target price on the stock. B. Riley Financial cut their price target on WhiteFiber from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, December 24th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of WhiteFiber in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.67.

WhiteFiber Trading Down 17.2%

WYFI opened at $12.16 on Friday. WhiteFiber has a 1-year low of $12.12 and a 1-year high of $40.75. The company has a market cap of $465.24 million and a price-to-earnings ratio of -25.87. The company's fifty day moving average price is $17.56 and its two-hundred day moving average price is $21.43.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Strs Ohio bought a new stake in WhiteFiber in the 4th quarter worth about $30,000. Royal Bank of Canada lifted its position in shares of WhiteFiber by 108.2% during the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company's stock worth $37,000 after buying an additional 1,244 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of WhiteFiber in the 4th quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of WhiteFiber in the 4th quarter worth approximately $55,000. Finally, MetLife Investment Management LLC bought a new position in shares of WhiteFiber in the fourth quarter valued at approximately $106,000.

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.

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