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

Key Points

• WhiteFiber, Inc. (NASDAQ:WYFI) saw its shares gap up from a previous close of $26.30 to an opening of $29.00, with current trading at $27.17 and a volume of 561,601 shares.
• Analysts have issued a consensus rating of "Moderate Buy" for WhiteFiber, with an average price target of $29.80, reflecting growing optimism about the stock's potential.
• Needham & Company LLC and B. Riley both reiterated a "buy" rating" on the stock with price targets of $34.00, indicating strong confidence in WhiteFiber's growth prospects.

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $26.30, but opened at $29.00. WhiteFiber shares last traded at $27.17, with a volume of 561,601 shares.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $34.00 price target on shares of WhiteFiber in a research report on Thursday. B. Riley assumed coverage on shares of WhiteFiber in a research note on Tuesday, September 2nd. They set a "buy" rating and a $34.00 price objective for the company. Craig Hallum assumed coverage on shares of WhiteFiber in a report on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 price target on the stock. Zacks Research raised shares of WhiteFiber to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Roth Capital boosted their price objective on shares of WhiteFiber from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.80.

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”).

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.