WhiteFiber (NASDAQ:WYFI) Sets New 12-Month High - Here's What Happened

Key Points

• WhiteFiber's stock reached a new 12-month high of $40.02 before closing at $38.21, representing an increase from its previous close of $33.03.
• Research analysts have generally rated WhiteFiber positively, with six analysts giving it a "buy" rating and an average target price of $34.00.
• The company specializes in artificial intelligence infrastructure solutions, including high-performance computing and cloud-based services for AI developers.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $40.02 and last traded at $38.21, with a volume of 434734 shares. The stock had previously closed at $33.03.

Analyst Ratings Changes

Several research analysts recently weighed in on WYFI shares. Craig Hallum started coverage on shares of WhiteFiber in a report on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 target price for the company. Zacks Research raised shares of WhiteFiber to a "hold" rating in a 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 target price for the company. B. Riley began coverage on shares of WhiteFiber in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $34.00 price target on the stock. Finally, Macquarie boosted their price target on shares of WhiteFiber from $28.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

WhiteFiber Trading Up 18.8%

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”).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.