WhiteFiber (NASDAQ:WYFI) Reaches New 52-Week High - Here's Why

Key Points

• WhiteFiber, Inc. (NASDAQ:WYFI) achieved a new 52-week high of $31.37, with a closing price of $31.29 and over 695,810 shares traded.
• Analysts have varying opinions on the stock; Macquarie raised their target from $28.00 to $32.00, while Wall Street Zen downgraded it from "hold" to "sell."
• Overall, six analysts rate WhiteFiber a "Buy" with a consensus average price target of $31.17, indicating positive sentiment towards the company.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $31.37 and last traded at $31.29, with a volume of 695810 shares traded. The stock had previously closed at $27.17.

Analyst Ratings Changes

A number of research firms recently issued reports on WYFI. Macquarie raised their price target on WhiteFiber from $28.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. Wall Street Zen downgraded WhiteFiber from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Craig Hallum began coverage on WhiteFiber in a research note on Tuesday, September 2nd. They set a "buy" rating and a $25.00 price target on the stock. Needham & Company LLC restated a "buy" rating and set a $34.00 price target on shares of WhiteFiber in a research note on Thursday, September 18th. Finally, B. Riley began coverage on WhiteFiber in a research note on Tuesday, September 2nd. They set a "buy" rating and a $34.00 price target on the stock. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, WhiteFiber has a consensus rating of "Moderate Buy" and an average price target of $31.17.

WhiteFiber Stock Up 16.8%

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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