WhiteFiber (NASDAQ:WYFI) Now Covered by Analysts at Needham & Company LLC

Key Points

• Analysts at Needham & Company LLC have initiated coverage on WhiteFiber (NASDAQ:WYFI) with a "buy" rating and a price target of $34.00, suggesting a potential upside of over 101% from its current price.
• Macquarie has also begun coverage, giving WhiteFiber an "outperform" rating with a price target of $28.00, while the consensus rating for the stock remains a "buy" with a target price of $31.00.
• Currently, WhiteFiber's stock trades at $16.91, with a one-year range between $14.01 and $25.13.

Equities researchers at Needham & Company LLC began coverage on shares of WhiteFiber (NASDAQ:WYFI - Get Free Report) in a report issued on Tuesday, MarketBeat.com reports. The brokerage set a "buy" rating and a $34.00 price target on the stock. Needham & Company LLC's price target would suggest a potential upside of 108.08% from the stock's previous close.

Several other analysts have also weighed in on WYFI. Macquarie started coverage on shares of WhiteFiber in a report on Tuesday. They set an "outperform" rating and a $28.00 price objective for the company. Wall Street Zen raised shares of WhiteFiber to a "hold" rating in a report on Saturday, August 16th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, WhiteFiber presently has a consensus rating of "Moderate Buy" and an average target price of $29.20.

WhiteFiber Stock Up 0.5%

Shares of NASDAQ WYFI traded up $0.08 during mid-day trading on Tuesday, hitting $16.34. 300,546 shares of the stock were exchanged, compared to its average volume of 903,746. 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”).