Wall Street Zen Downgrades WhiteFiber (NASDAQ:WYFI) to Sell

WhiteFiber (NASDAQ:WYFI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other equities analysts have also recently commented on WYFI. Needham & Company LLC assumed coverage on shares of WhiteFiber in a research note on Tuesday. They issued a “buy” rating and a $34.00 price target for the company. Roth Capital began coverage on shares of WhiteFiber in a report on Tuesday. They set a “buy” rating and a $25.00 target price for the company. Craig Hallum began coverage on shares of WhiteFiber in a research report on Tuesday. They set a “buy” rating and a $25.00 price objective on the stock. B. Riley began coverage on shares of WhiteFiber in a research report on Tuesday. They set a “buy” rating and a $34.00 price objective on the stock. Finally, Zacks Research raised shares of WhiteFiber to a “hold” rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.20.

WhiteFiber Trading Up 0.5%

WYFI opened at $16.34 on Friday. WhiteFiber has a twelve month low of $14.01 and a twelve month high of $25.13.

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”).