WhiteFiber (NASDAQ:WYFI) Shares Gap Up - What's Next?

Key Points

• WhiteFiber's shares opened at $17.60 after closing at $16.00, and last traded at $18.62 with a volume of 831,579 shares.
• Various analysts have rated WhiteFiber positively, with a consensus average rating of "Moderate Buy" and an average price target of $29.20.
• Analysts from B. Riley and Needham & Company have set a price objective of $34.00, showing strong confidence in the company's market potential.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $16.00, but opened at $17.60. WhiteFiber shares last traded at $18.62, with a volume of 831,579 shares.

Analyst Upgrades and Downgrades

Several analysts recently commented on WYFI shares. B. Riley assumed coverage on WhiteFiber in a report on Tuesday, September 2nd. They issued a "buy" rating and a $34.00 price objective for the company. Zacks Research upgraded WhiteFiber to a "hold" rating in a research report on Wednesday, September 3rd. Roth Capital assumed coverage on WhiteFiber in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 target price on the stock. Craig Hallum assumed coverage on WhiteFiber in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 target price on the stock. Finally, Needham & Company LLC assumed coverage on WhiteFiber in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $34.00 target price on the stock. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.20.

WhiteFiber Stock Performance

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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