WhiteFiber (NASDAQ:WYFI) Shares Up 8.8% on Analyst Upgrade

WhiteFiber, Inc. (NASDAQ:WYFI) was up 8.8% during trading on Monday after Macquarie raised their price target on the stock from $28.00 to $32.00. Macquarie currently has an outperform rating on the stock. WhiteFiber traded as high as $24.94 and last traded at $24.85. Approximately 225,956 shares were traded during trading, a decline of 80% from the average daily volume of 1,134,726 shares. The stock had previously closed at $22.83.

Several other analysts also recently weighed in on WYFI. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price target on shares of WhiteFiber in a research note on Thursday, September 18th. Craig Hallum began coverage on WhiteFiber in a report on Tuesday, September 2nd. They issued a “buy” rating and a $25.00 price objective on the stock. Wall Street Zen cut WhiteFiber from a “hold” rating to a “sell” rating in a report on Friday, September 5th. B. Riley initiated coverage on WhiteFiber in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $34.00 price target on the stock. Finally, Zacks Research raised shares of WhiteFiber to a “hold” rating in a report on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, WhiteFiber presently has an average rating of “Moderate Buy” and an average target price of $30.60.

WhiteFiber Trading Up 17.1%

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”).