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

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are currently covering the company, MarketBeat.com reports. One equities 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 target among analysts that have covered the stock in the last year is $29.20.

A number of research analysts have issued reports on the stock. Roth Capital began coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They set a "buy" rating and a $25.00 price objective on the stock. Craig Hallum initiated coverage on shares of WhiteFiber in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 price target on the stock. Zacks Research upgraded shares of WhiteFiber to a "hold" rating in a research note on Wednesday. Macquarie started coverage on shares of WhiteFiber in a research note on Tuesday, September 2nd. They issued an "outperform" rating and a $28.00 price objective on the stock. Finally, Wall Street Zen cut shares of WhiteFiber from a "hold" rating to a "sell" rating in a research note on Friday.

WhiteFiber Trading Up 0.5%

NASDAQ:WYFI traded up $0.08 during midday trading on Tuesday, reaching $16.34. 300,546 shares of the stock traded hands, compared to its average volume of 903,746. WhiteFiber has a 12 month low of $14.01 and a 12 month 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”).