WhiteFiber's (WYFI) Buy Rating Reaffirmed 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 reaffirmed by stock analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They presently have a $34.00 price objective on the stock. Needham & Company LLC's target price suggests a potential upside of 24.63% from the company's current price.

A number of other analysts have also commented on the stock. Craig Hallum assumed coverage on shares of WhiteFiber in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 price target for the company. B. Riley began coverage on shares of WhiteFiber in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $34.00 price objective for the company. Zacks Research raised shares of WhiteFiber to a "hold" rating in a research note on Wednesday, September 3rd. Roth Capital assumed coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 price objective for the company. Finally, Wall Street Zen lowered WhiteFiber from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.80.

WhiteFiber Stock Performance

Shares of WYFI stock traded up $0.98 during trading on Thursday, reaching $27.28. 1,181,131 shares of the company's stock traded hands, compared to its average volume of 1,153,704. WhiteFiber has a 1 year low of $14.01 and a 1 year high of $29.02.

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”).