WhiteFiber (NASDAQ:WYFI) Reaches New 1-Year High - Here's What Happened

Key Points

• WhiteFiber, Inc. shares reached a new 52-week high at $36.10 during trading, closing at $33.93 with a volume of over 1.4 million shares.
• Investment analysts have given the stock a consensus rating of "Moderate Buy", with six analysts rating it as a buy and an average price target of $34.00.
• The company specializes in AI infrastructure solutions, operating high-performance computing data centers and providing cloud-based GPU services.

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $36.10 and last traded at $33.93, with a volume of 1454875 shares. The stock had previously closed at $31.20.

Analysts Set New Price Targets

A number of brokerages have issued reports on WYFI. Zacks Research upgraded WhiteFiber to a "hold" rating in a research report on Wednesday, September 3rd. HC Wainwright began coverage on shares of WhiteFiber in a report on Wednesday, October 1st. They issued a "buy" rating and a $34.00 price objective for the company. Craig Hallum began coverage on shares of WhiteFiber in a research note on Tuesday, September 2nd. They set a "buy" rating and a $25.00 target price on the stock. Wall Street Zen downgraded shares of WhiteFiber from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price objective on shares of WhiteFiber in a report on Thursday, September 18th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, WhiteFiber presently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

WhiteFiber Stock Performance

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”).

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