WhiteFiber (NASDAQ:WYFI) Coverage Initiated at Macquarie

Key Points

• Macquarie has initiated coverage of WhiteFiber (NASDAQ:WYFI), assigning it an "outperform" rating with a price target of $28.00, indicating a potential upside of 65.58% from its current price.
• Wall Street Zen has upgraded WhiteFiber to a "hold" rating, contributing to a consensus "Buy" rating from two analysts and an average price target of $31.00.
• WhiteFiber’s stock is currently trading at $16.91, with a yearly range between a low of $14.01 and a high of $25.13.

Equities researchers at Macquarie assumed coverage on shares of WhiteFiber (NASDAQ:WYFI - Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage set an "outperform" rating and a $28.00 price target on the stock. Macquarie's target price would indicate a potential upside of 71.36% from the company's current price.

Separately, Wall Street Zen upgraded WhiteFiber to a "hold" rating in a research note on Saturday, August 16th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $29.20.

WhiteFiber Trading Up 0.5%

NASDAQ:WYFI traded up $0.08 during trading hours 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 one year low of $14.01 and a one year 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”).