Fermi Inc. (NASDAQ:FRMI) Receives Average Rating of “Moderate Buy” from Analysts

Fermi Inc. (NASDAQ:FRMIGet Free Report) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $31.5556.

FRMI has been the topic of several analyst reports. Evercore ISI set a $37.00 price objective on Fermi and gave the stock an “outperform” rating in a research report on Monday, October 27th. Rothschild Redb raised shares of Fermi to a “strong-buy” rating in a report on Monday, October 27th. Mizuho started coverage on shares of Fermi in a research report on Monday, October 27th. They set an “outperform” rating and a $27.00 price target on the stock. Redburn Partners set a $31.00 price objective on shares of Fermi in a report on Monday, October 27th. Finally, Macquarie reissued an “outperform” rating and set a $35.00 target price on shares of Fermi in a research note on Wednesday, November 12th.

Check Out Our Latest Report on FRMI

Institutional Investors Weigh In On Fermi

An institutional investor recently bought a new position in Fermi stock. ORG Wealth Partners LLC bought a new position in shares of Fermi Inc. (NASDAQ:FRMIFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,817 shares of the company’s stock, valued at approximately $151,000.

Fermi Stock Performance

Shares of NASDAQ FRMI opened at $9.71 on Friday. The firm has a market capitalization of $5.96 billion and a P/E ratio of -11.56. The business has a 50-day simple moving average of $13.30. Fermi has a fifty-two week low of $7.28 and a fifty-two week high of $36.99.

Fermi (NASDAQ:FRMIGet Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.84) earnings per share for the quarter.

Fermi News Summary

Here are the key news stories impacting Fermi this week:

About Fermi

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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.

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Analyst Recommendations for Fermi (NASDAQ:FRMI)

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