WhiteFiber’s (WYFI) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of WhiteFiber (NASDAQ:WYFI) in a research note published on Monday morning,Benzinga reports. The firm currently has a $34.00 price target on the stock.

Several other research analysts have also recently commented on WYFI. Compass Point began coverage on shares of WhiteFiber in a report on Tuesday, December 16th. They issued a “buy” rating and a $32.00 target price for the company. B. Riley reduced their price target on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research note on Monday, December 29th. Roth Mkm cut their target price on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, UBS Group set a $51.00 target price on WhiteFiber in a report on Monday, October 6th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.30.

WhiteFiber Stock Up 2.6%

Shares of NASDAQ WYFI opened at $22.16 on Monday. The stock has a fifty day moving average of $18.32. The firm has a market cap of $847.84 million and a PE ratio of -47.15. WhiteFiber has a 52-week low of $13.91 and a 52-week high of $40.75.

WhiteFiber (NASDAQ:WYFI) last announced its earnings results on Thursday, November 13th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.35). The firm had revenue of $20.18 million during the quarter, compared to analyst estimates of $21.18 million. WhiteFiber’s quarterly revenue was up 64.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC purchased a new stake in WhiteFiber in the 3rd quarter worth approximately $349,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of WhiteFiber in the third quarter worth $1,167,000. Principal Financial Group Inc. purchased a new stake in shares of WhiteFiber during the third quarter worth $1,534,000. J.W. Cole Advisors Inc. acquired a new stake in WhiteFiber during the third quarter valued at $260,000. Finally, JPMorgan Chase & Co. acquired a new stake in WhiteFiber during the third quarter valued at $2,718,000.

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.