WhiteFiber (NASDAQ:WYFI) Coverage Initiated at HC Wainwright

Key Points

• WhiteFiber (NASDAQ:WYFI) has been upgraded to a strong-buy rating by HC Wainwright, which also set a target price of $34.00, indicating a potential upside of 9.32% from the previous close.
• Several research firms have recently issued ratings for WhiteFiber, with the consensus showing one strong buy, five buys, and one hold, resulting in an average target price of $31.17.
• The company's stock experienced a trading volume of 537,577 shares, with a current price of $31.10, positioned between a 52-week low of $14.01 and a high of $34.00.

HC Wainwright assumed coverage on shares of WhiteFiber (NASDAQ:WYFI - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage set a "buy" rating and a $34.00 price target on the stock. HC Wainwright's target price points to a potential upside of 3.85% from the stock's current price.

Several other research firms have also recently commented on WYFI. Zacks Research raised WhiteFiber to a "hold" rating in a research note on Wednesday, September 3rd. Needham & Company LLC reissued a "buy" rating and issued a $34.00 target price on shares of WhiteFiber in a research note on Thursday, September 18th. Craig Hallum started coverage on WhiteFiber in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 target price for the company. B. Riley started coverage on WhiteFiber in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $34.00 target price for the company. Finally, Roth Capital lifted their target price on WhiteFiber from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $31.17.

WhiteFiber Trading Up 2.3%

WYFI traded up $0.75 during trading on Wednesday, hitting $32.74. The company's stock had a trading volume of 797,638 shares, compared to its average volume of 1,191,362. WhiteFiber has a 12 month low of $14.01 and a 12 month high of $34.00.

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”).