WhiteFiber (NASDAQ:WYFI) Trading 8.8% Higher After Analyst Upgrade

Key Points

• WhiteFiber's stock (NASDAQ:WYFI) surged 8.8% following an upgrade from Macquarie, raising its price target from $28.00 to $32.00, maintaining an outperform rating.
• Analysts have mixed ratings on WhiteFiber, with five giving a Buy rating and one a Hold rating, resulting in a consensus rating of "Moderate Buy" and an average price target of $30.60.
• The trading volume for WhiteFiber fell by 80%, with only 225,956 shares traded, compared to an average of 1,134,726 shares per session.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report)'s stock price shot up 8.8% during trading on Monday after Macquarie raised their price target on the stock from $28.00 to $32.00. Macquarie currently has an outperform rating on the stock. WhiteFiber traded as high as $24.94 and last traded at $24.85. 225,956 shares were traded during trading, a decline of 80% from the average session volume of 1,134,726 shares. The stock had previously closed at $22.83.

WYFI has been the topic of a number of other reports. B. Riley assumed coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They set a "buy" rating and a $34.00 price target on the stock. Wall Street Zen lowered shares of WhiteFiber from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Roth Capital raised their target price on shares of WhiteFiber from $25.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Needham & Company LLC reissued a "buy" rating and issued a $34.00 target price on shares of WhiteFiber in a report on Thursday, September 18th. Finally, Zacks Research raised shares of WhiteFiber to a "hold" rating in a report on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.60.

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”).

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