WhiteFiber (NASDAQ:WYFI) Downgraded to "Sell" Rating by Wall Street Zen

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 researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also recently issued reports on the company. Macquarie began coverage on WhiteFiber in a report on Tuesday, September 2nd. They set an "outperform" rating and a $28.00 target price on the stock. Needham & Company LLC began coverage on WhiteFiber in a report on Tuesday, September 2nd. They set a "buy" rating and a $34.00 target price on the stock. Zacks Research upgraded WhiteFiber to a "hold" rating in a report on Wednesday, September 3rd. Roth Capital assumed coverage on WhiteFiber in a report on Tuesday, September 2nd. They set a "buy" rating and a $25.00 price objective on the stock. Finally, B. Riley assumed coverage on WhiteFiber in a report on Tuesday, September 2nd. They set a "buy" rating and a $34.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.20.

WhiteFiber Trading Down 12.8%

WYFI stock traded down $3.01 during midday trading on Friday, reaching $20.57. The stock had a trading volume of 1,506,669 shares, compared to its average volume of 843,469. 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”).