WhiteFiber (NASDAQ:WYFI) Shares Down 5.6% - What's Next?

Key Points

• WhiteFiber's shares fell 5.6% to $22.25, with an 81% drop in trading volume compared to their average session.
• Analyst ratings are mixed: Roth Capital and Needham & Company set "buy" ratings with target prices of $25.00 and $34.00 respectively, while Wall Street Zen downgraded the stock to "sell."
• The current consensus rating for WhiteFiber is a "Moderate Buy" with an average target price of $29.20 from five analysts.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) traded down 5.6% on Thursday . The company traded as low as $22.00 and last traded at $22.25. 195,669 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,011,344 shares. The stock had previously closed at $23.58.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Roth Capital assumed coverage on shares of WhiteFiber in a research report 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. Needham & Company LLC assumed coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They set a "buy" rating and a $34.00 target price on the stock. Zacks Research raised shares of WhiteFiber to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Macquarie assumed coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They set an "outperform" rating and a $28.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, WhiteFiber presently has a consensus rating of "Moderate Buy" and an average target price of $29.20.

WhiteFiber Price 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”).

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.