WhiteFiber, Inc. (NASDAQ:WYFI) Receives $36.22 Average Price Target from Brokerages

WhiteFiber, Inc. (NASDAQ:WYFI) has received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $36.2222.

A number of brokerages recently issued reports on WYFI. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a research report on Monday, December 29th. HC Wainwright reiterated a “buy” rating and issued a $34.00 price target on shares of WhiteFiber in a report on Monday, January 26th. B. Riley Financial reduced their price target on WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Finally, Compass Point assumed coverage on WhiteFiber in a report on Tuesday, December 16th. They set a “buy” rating and a $32.00 price objective on the stock.

WhiteFiber Price Performance

Shares of NASDAQ WYFI opened at $14.69 on Friday. The company has a 50-day simple moving average of $17.69 and a 200-day simple moving average of $21.49. The company has a market cap of $562.04 million and a PE ratio of -31.26. WhiteFiber has a 12 month low of $13.77 and a 12 month high of $40.75.

Institutional Trading of WhiteFiber

A number of hedge funds have recently added to or reduced their stakes in WYFI. Fortress Investment Group LLC purchased a new position in shares of WhiteFiber during the 3rd quarter valued at approximately $4,301,000. Monashee Investment Management LLC bought a new stake in shares of WhiteFiber in the third quarter worth $9,645,000. Principal Financial Group Inc. acquired a new stake in WhiteFiber in the third quarter valued at $1,534,000. Clearfield Capital Management LP acquired a new stake in WhiteFiber in the third quarter valued at $6,778,000. Finally, Zweig DiMenna Associates LLC bought a new position in WhiteFiber during the 3rd quarter valued at $5,214,000.

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