Brokerages Set WhiteFiber, Inc. (NASDAQ:WYFI) Target Price at $36.30

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $36.30.

WYFI has been the topic of a number of analyst reports. Needham & Company LLC lowered their target price on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Citizens Jmp started coverage on WhiteFiber in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $37.00 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research report on Monday, December 29th. Citigroup started coverage on WhiteFiber in a research report on Wednesday, November 19th. They issued an “outperform” rating for the company. Finally, HC Wainwright reissued a “buy” rating and issued a $34.00 target price on shares of WhiteFiber in a research report on Monday, January 26th.

Institutional Trading of WhiteFiber

Institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of WhiteFiber in the fourth quarter valued at about $30,000. Shikiar Asset Management Inc. lifted its holdings in shares of WhiteFiber by 4.9% in the 4th quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company’s stock worth $771,000 after acquiring an additional 2,290 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of WhiteFiber during the 4th quarter worth approximately $55,000. Prelude Capital Management LLC purchased a new position in shares of WhiteFiber during the 3rd quarter worth approximately $258,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in WhiteFiber in the 3rd quarter valued at approximately $260,000.

WhiteFiber Stock Down 10.7%

WYFI opened at $14.40 on Friday. The company’s 50 day simple moving average is $18.30. The stock has a market capitalization of $550.94 million and a PE ratio of -30.64. WhiteFiber has a 52-week low of $13.91 and a 52-week high of $40.75.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The business had revenue of $20.18 million for the quarter, compared to analyst estimates of $21.18 million. The business’s revenue was up 64.2% on a year-over-year basis.

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.