Fermi Inc. (NASDAQ:FRMI) Receives $31.56 Consensus Target Price from Analysts

Fermi Inc. (NASDAQ:FRMIGet Free Report) has been given a consensus recommendation of “Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $31.4444.

A number of brokerages recently commented on FRMI. Stifel Nicolaus started coverage on Fermi in a report on Monday, October 27th. They set a “buy” rating and a $29.00 target price for the company. Weiss Ratings started coverage on shares of Fermi in a research note on Wednesday, December 24th. They issued a “sell (e+)” rating for the company. Cantor Fitzgerald restated an “overweight” rating on shares of Fermi in a report on Wednesday, November 12th. Zacks Research raised shares of Fermi to a “hold” rating in a research note on Tuesday, October 28th. Finally, Berenberg Bank started coverage on shares of Fermi in a research report on Monday, October 27th. They issued a “buy” rating and a $37.00 price target for the company.

Check Out Our Latest Stock Report on FRMI

More Fermi News

Here are the key news stories impacting Fermi this week:

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Leonteq Securities AG purchased a new stake in Fermi during the 4th quarter worth about $30,000. PNC Financial Services Group Inc. acquired a new position in shares of Fermi during the fourth quarter worth about $36,000. Aspect Partners LLC acquired a new position in shares of Fermi during the fourth quarter worth about $38,000. SBI Securities Co. Ltd. purchased a new stake in shares of Fermi during the fourth quarter worth approximately $41,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in Fermi in the fourth quarter valued at approximately $84,000.

Fermi Price Performance

Fermi stock opened at $9.40 on Wednesday. The firm has a market cap of $5.77 billion and a P/E ratio of -11.19. Fermi has a fifty-two week low of $7.18 and a fifty-two week high of $36.99. The firm has a 50 day moving average of $9.82.

Fermi (NASDAQ:FRMIGet Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.84) EPS for the quarter.

Fermi Company Profile

(Get Free Report)

Fermi’s mission is to power the artificial intelligence (“AI”) needs of tomorrow. We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1.1 GW of power projected to be online by the end of 2026. We have entered into a long-term lease on a site large enough to simultaneously house the next three largest data center campuses by square footage currently in existence.

Featured Stories

Analyst Recommendations for Fermi (NASDAQ:FRMI)

Receive News & Ratings for Fermi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fermi and related companies with MarketBeat.com's FREE daily email newsletter.