WhiteFiber (NASDAQ:WYFI) Price Target Raised to $32.00 at Macquarie

Key Points

• Macquarie has increased its price target for WhiteFiber (NASDAQ:WYFI) from $28.00 to $32.00, indicating a potential upside of 35.65% from the recent closing price.
• The stock currently has a consensus rating of “Moderate Buy”, with five analysts rating it as a buy and one as a hold.
• WhiteFiber's shares are currently trading around $23.59, marking a 10.1% drop from prior sessions and within a 52-week range of $14.01 to $29.53.

WhiteFiber (NASDAQ:WYFI - Get Free Report) had its target price boosted by analysts at Macquarie from $28.00 to $32.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Macquarie's price target points to a potential upside of 35.65% from the company's previous close.

Several other research analysts have also commented on WYFI. Zacks Research raised WhiteFiber to a "hold" rating in a research report on Wednesday, September 3rd. Wall Street Zen downgraded shares of WhiteFiber from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Needham & Company LLC reissued a "buy" rating and set a $34.00 price objective on shares of WhiteFiber in a research note on Thursday, September 18th. Roth Capital lifted their target price on shares of WhiteFiber from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Finally, B. Riley assumed coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $34.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.60.

WhiteFiber Stock Down 10.1%

Shares of NASDAQ:WYFI opened at $23.59 on Friday. WhiteFiber has a 52 week low of $14.01 and a 52 week high of $29.53.

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”).

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