Analysts Set Fermi Inc. (NASDAQ:FRMI) Price Target at $30.29

Fermi Inc. (NASDAQ:FRMI) has earned an average recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $31.5556.

FRMI has been the subject of a number of recent research reports. Berenberg Bank initiated coverage on Fermi in a research note on Monday. They issued a “buy” rating and a $37.00 target price for the company. Mizuho began coverage on Fermi in a report on Monday. They set an “outperform” rating and a $27.00 target price on the stock. Rothschild & Co Redburn began coverage on Fermi in a research note on Monday. They issued a “buy” rating and a $31.00 price target on the stock. Stifel Nicolaus began coverage on Fermi in a research note on Monday. They issued a “buy” rating and a $29.00 price target on the stock. Finally, Rothschild Redb upgraded Fermi to a “strong-buy” rating in a research note on Monday.

Fermi Trading Down 3.9%

Shares of NASDAQ FRMI opened at $28.71 on Monday. Fermi has a fifty-two week low of $18.70 and a fifty-two week high of $36.99.

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.