Fermi (NASDAQ:FRMI) Now Covered by Analysts at Citizens Jmp

Equities researchers at Citizens Jmp began coverage on shares of Fermi (NASDAQ:FRMI) in a report issued on Monday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Citizens Jmp’s target price indicates a potential upside of 275.00% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus initiated coverage on shares of Fermi in a research report on Monday, October 27th. They set a “buy” rating and a $29.00 price objective for the company. Mizuho initiated coverage on Fermi in a report on Monday, October 27th. They set an “outperform” rating and a $27.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Fermi in a research note on Wednesday, November 12th. UBS Group began coverage on Fermi in a research report on Monday, October 27th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Macquarie Infrastructure reiterated an “outperform” rating and issued a $35.00 target price on shares of Fermi in a report on Wednesday, November 12th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $31.44.

Fermi Trading Up 11.1%

Shares of FRMI stock opened at $8.00 on Monday. Fermi has a 1-year low of $7.18 and a 1-year high of $36.99. The firm has a market capitalization of $4.91 billion and a PE ratio of -9.52. The company has a 50-day moving average of $10.09.

Fermi (NASDAQ:FRMI) last announced its earnings results on Monday, November 10th. The company reported ($0.84) EPS for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Leonteq Securities AG bought a new stake in shares of Fermi during the fourth quarter valued at approximately $30,000. PNC Financial Services Group Inc. bought a new position in shares of Fermi in the 4th quarter worth $36,000. Aspect Partners LLC acquired a new stake in Fermi in the 4th quarter valued at $38,000. SBI Securities Co. Ltd. bought a new stake in Fermi during the 4th quarter valued at $41,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in Fermi during the fourth quarter worth $84,000.

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. 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.