WhiteFiber (NASDAQ:WYFI) Earns Neutral Rating from Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald initiated coverage with a neutral rating and a $13.00 price target, implying about a 3.35% downside from the prior close.
• Despite that, the analyst consensus remains a Moderate Buy (nine Buys, two Holds, one Sell) with a much higher average target price of $32.30.
• WhiteFiber recently missed EPS expectations (reported -$0.67 vs. est. -$0.14) while delivering a slight revenue beat of $23.56M vs. $23.07M.

Cantor Fitzgerald began coverage on shares of WhiteFiber (NASDAQ:WYFI - Get Free Report) in a research report issued to clients and investors on Thursday,Benzinga reports. The firm set a "neutral" rating and a $13.00 price target on the stock. Cantor Fitzgerald's target price suggests a potential downside of 3.35% from the company's previous close.

A number of other equities analysts also recently commented on WYFI. Needham & Company LLC reduced their target price on shares of WhiteFiber from $38.00 to $36.00 and set a "buy" rating for the company in a report on Friday, March 27th. Weiss Ratings restated a "sell (d)" rating on shares of WhiteFiber in a research note on Friday, March 27th. B. Riley Financial dropped their target price on WhiteFiber from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, December 24th. HC Wainwright dropped their target price on WhiteFiber from $34.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, March 27th. Finally, Compass Point initiated coverage on WhiteFiber in a research note on Tuesday, December 16th. They set a "buy" rating and a $32.00 target price on the stock. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.30.

WhiteFiber Stock Performance

Shares of WhiteFiber stock opened at $13.45 on Thursday. The company has a market capitalization of $516.08 million and a PE ratio of -11.80. The company has a 50-day simple moving average of $16.05 and a two-hundred day simple moving average of $20.87. WhiteFiber has a one year low of $10.51 and a one year high of $40.75.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last announced its earnings results on Thursday, March 26th. The company reported ($0.67) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.53). The business had revenue of $23.56 million for the quarter, compared to analyst estimates of $23.07 million.

Institutional Trading of WhiteFiber

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WYFI. Gladstone Institutional Advisory LLC acquired a new stake in WhiteFiber during the 3rd quarter worth about $349,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in WhiteFiber during the 3rd quarter worth about $1,167,000. Principal Financial Group Inc. acquired a new stake in WhiteFiber during the 3rd quarter worth about $1,534,000. J.W. Cole Advisors Inc. acquired a new stake in WhiteFiber during the 3rd quarter worth about $260,000. Finally, JPMorgan Chase & Co. acquired a new stake in WhiteFiber during the 3rd quarter worth about $2,718,000.

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.