WhiteFiber, Inc. (NASDAQ:WYFI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Moderate Buy consensus: Eleven brokerages rate WhiteFiber (WYFI) an average "Moderate Buy" (nine buys, one hold, one sell) with a mean 12‑month price target of $36.22.
• Shares opened at $13.85 and were down about 8.5%, with a market cap of $529.9M and a negative PE (-29.47); the stock has a 12‑month range of $13.83–$40.75, and several institutions (including Balyasny, Feynman Point and Lazard) added or initiated positions in Q4.

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $36.2222.

WYFI has been the subject of a number of recent research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of WhiteFiber in a research note on Monday, December 29th. HC Wainwright reaffirmed a "buy" rating and issued a $34.00 target price on shares of WhiteFiber in a report on Monday, January 26th. B. Riley Financial decreased their target price on shares of WhiteFiber from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, December 24th. Finally, Compass Point started coverage on WhiteFiber in a report on Tuesday, December 16th. They set a "buy" rating and a $32.00 price target on the stock.

WhiteFiber Trading Down 8.5%

Shares of WYFI opened at $13.85 on Friday. The firm has a market cap of $529.90 million and a PE ratio of -29.47. The company's 50 day simple moving average is $17.98 and its 200-day simple moving average is $21.51. WhiteFiber has a 12-month low of $13.83 and a 12-month high of $40.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Feynman Point Asset Management LLC acquired a new position in WhiteFiber during the 4th quarter worth approximately $2,511,000. Empowered Funds LLC purchased a new stake in shares of WhiteFiber during the 4th quarter worth $791,000. XTX Topco Ltd purchased a new position in shares of WhiteFiber in the 4th quarter valued at about $248,000. Balyasny Asset Management L.P. boosted its holdings in WhiteFiber by 67.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company's stock worth $7,232,000 after buying an additional 184,829 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in WhiteFiber during the fourth quarter worth about $1,797,000.

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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