Brokerages Set WhiteFiber, Inc. (NASDAQ:WYFI) Price Target at $29.20

Key Points

• WhiteFiber, Inc. has received a consensus recommendation of "Buy" from five brokerages, indicating positive sentiment from analysts.
• The average twelve-month price target for WhiteFiber stock is $29.20, with individual targets ranging from $25.00 to $34.00 from different analysts.
• WhiteFiber's stock is currently trading at $16.91, having a 12-month low of $14.01 and a high of $25.13.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $29.20.

A number of research firms have commented on WYFI. B. Riley began coverage on WhiteFiber in a report on Tuesday. They issued a "buy" rating and a $34.00 target price for the company. Craig Hallum assumed coverage on WhiteFiber in a report on Tuesday. They issued a "buy" rating and a $25.00 target price for the company. Roth Capital assumed coverage on WhiteFiber in a research note on Tuesday. They set a "buy" rating and a $25.00 price target for the company. Needham & Company LLC assumed coverage on WhiteFiber in a research note on Tuesday. They set a "buy" rating and a $34.00 price target for the company. Finally, Wall Street Zen downgraded WhiteFiber from a "hold" rating to a "sell" rating in a research note on Friday.

WhiteFiber Price Performance

WhiteFiber stock traded up $0.08 during midday trading on Tuesday, reaching $16.34. The company's stock had a trading volume of 300,546 shares, compared to its average volume of 903,746. WhiteFiber has a fifty-two week low of $14.01 and a fifty-two week 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”).