WhiteFiber (NASDAQ:WYFI) Sets New 1-Year High – Should You Buy?

WhiteFiber, Inc. (NASDAQ:WYFI) reached a new 52-week high on Friday . The stock traded as high as $27.16 and last traded at $26.34, with a volume of 513032 shares. The stock had previously closed at $23.41.

Analysts Set New Price Targets

WYFI has been the topic of several research analyst reports. Wall Street Zen cut shares of WhiteFiber from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Macquarie started coverage on WhiteFiber in a report on Tuesday, September 2nd. They issued an “outperform” rating and a $28.00 price objective for the company. Roth Capital upped their price objective on WhiteFiber from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday. Craig Hallum started coverage on WhiteFiber in a report on Tuesday, September 2nd. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price objective on shares of WhiteFiber in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, WhiteFiber currently has an average rating of “Moderate Buy” and a consensus price target of $29.80.

WhiteFiber Stock Performance

WhiteFiber Company Profile

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”).