Fermi (NASDAQ:FRMI) Research Coverage Started at Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage on shares of Fermi (NASDAQ:FRMI) in a research report sent to investors on Monday, Marketbeat reports. The firm issued a buy rating and a $31.00 target price on the stock.

Several other research analysts have also weighed in on the company. Stifel Nicolaus began coverage on Fermi in a research report on Monday. They issued a “buy” rating and a $29.00 target price on the stock. Berenberg Bank began coverage on Fermi in a research note on Monday. They set a “buy” rating and a $37.00 price target for the company. Mizuho began coverage on Fermi in a research note on Monday. They issued an “outperform” rating and a $27.00 price objective on the stock. UBS Group started coverage on Fermi in a report on Monday. They set a “buy” rating and a $30.00 target price for the company. Finally, Redburn Partners set a $31.00 price target on shares of Fermi in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $31.56.

Fermi Stock Down 3.9%

NASDAQ:FRMI opened at $28.71 on Monday. Fermi has a fifty-two week low of $18.70 and a fifty-two week high of $36.99.

Fermi Company Profile

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.