Wall Street Zen Downgrades WhiteFiber (NASDAQ:WYFI) to Sell

Key Points

• WhiteFiber (NASDAQ:WYFI) has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen.
• Despite the downgrade, other analysts like Needham & Company and Roth Capital have issued "buy" ratings for WhiteFiber, with price targets ranging from $25.00 to $34.00.
• The average price target for WhiteFiber is currently $29.20, reflecting a consensus rating of "Moderate Buy" from five analysts.

WhiteFiber (NASDAQ:WYFI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

A number of other equities analysts have also recently commented on WYFI. Needham & Company LLC assumed coverage on shares of WhiteFiber in a research note on Tuesday. They issued a "buy" rating and a $34.00 price target for the company. Roth Capital began coverage on shares of WhiteFiber in a report on Tuesday. They set a "buy" rating and a $25.00 target price for the company. Craig Hallum began coverage on shares of WhiteFiber in a research report on Tuesday. They set a "buy" rating and a $25.00 price objective on the stock. B. Riley began coverage on shares of WhiteFiber in a research report on Tuesday. They set a "buy" rating and a $34.00 price objective on the stock. Finally, Zacks Research raised shares of WhiteFiber to a "hold" rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $29.20.

WhiteFiber Trading Up 0.5%

WYFI opened at $16.34 on Friday. WhiteFiber has a twelve month low of $14.01 and a twelve 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”).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.