WhiteFiber (NASDAQ:WYFI) Now Covered by Analysts 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.

Investment analysts at Macquarie started coverage on shares of WhiteFiber (NASDAQ:WYFI - Get Free Report) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $28.00 price target on the stock. Macquarie's price objective suggests a potential upside of 71.36% from the company's previous close.

Separately, Wall Street Zen raised shares of WhiteFiber to a "hold" rating in a research report 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.20.

WhiteFiber Price Performance

Shares of NASDAQ WYFI traded up $0.08 during midday trading on Tuesday, reaching $16.34. 300,546 shares of the stock were exchanged, 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”).