WhiteFiber's (WYFI) Buy Rating Reiterated at Needham & Company LLC

Key Points

• Needham & Company LLC has reiterated its "buy" rating for WhiteFiber (WYFI) with a target price of $34.00, suggesting a potential upside of 62.29% from the current price.
• Five research analysts have assigned a Buy rating to WhiteFiber, while it holds a consensus rating of "Moderate Buy" with an average target price of $29.20.
• WhiteFiber's stock recently rose 8.7% and currently trades at $20.95, with a one-year price range of $14.01 to $25.13.

WhiteFiber (NASDAQ:WYFI - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $34.00 price objective on the stock. Needham & Company LLC's price objective points to a potential upside of 29.28% from the stock's current price.

Other research analysts also recently issued reports about the company. Zacks Research upgraded WhiteFiber to a "hold" rating in a research note on Wednesday, September 3rd. Macquarie began coverage on WhiteFiber in a research note on Tuesday, September 2nd. They set an "outperform" rating and a $28.00 target price on the stock. B. Riley began coverage on WhiteFiber in a research note on Tuesday, September 2nd. They set a "buy" rating and a $34.00 price target on the stock. Roth Capital began coverage on WhiteFiber in a research note on Tuesday, September 2nd. They set a "buy" rating and a $25.00 price target on the stock. Finally, Wall Street Zen downgraded WhiteFiber from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, WhiteFiber currently has an average rating of "Moderate Buy" and an average price target of $29.80.

WhiteFiber Stock Performance

WYFI stock traded up $2.89 on Thursday, hitting $26.30. 2,660,608 shares of the company's stock were exchanged, compared to its average volume of 956,245. WhiteFiber has a 12-month low of $14.01 and a 12-month high of $28.30.

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”).