Brokerages Set WhiteFiber, Inc. (NASDAQ:WYFI) Price Target at $30.60

WhiteFiber, Inc. (NASDAQ:WYFI) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $31.1667.

A number of analysts have recently issued reports on WYFI shares. Roth Capital raised their price objective on WhiteFiber from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Wall Street Zen lowered WhiteFiber from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Craig Hallum started coverage on WhiteFiber in a research note on Tuesday, September 2nd. They set a “buy” rating and a $25.00 target price on the stock. HC Wainwright started coverage on WhiteFiber in a research note on Wednesday. They set a “buy” rating and a $34.00 target price on the stock. Finally, B. Riley started coverage on WhiteFiber in a research note on Tuesday, September 2nd. They set a “buy” rating and a $34.00 target price on the stock.

WhiteFiber Stock Down 7.4%

WYFI opened at $31.20 on Friday. WhiteFiber has a 12-month low of $14.01 and a 12-month high of $34.40.

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”).