WhiteFiber (NASDAQ:WYFI) Coverage Initiated at Weiss Ratings

Research analysts at Weiss Ratings started coverage on shares of WhiteFiber (NASDAQ:WYFI) in a research report issued on Friday,Weiss Ratings reports. The brokerage set a “sell (d)” rating on the stock.

A number of other research firms have also weighed in on WYFI. Macquarie raised their price objective on shares of WhiteFiber from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. UBS Group set a $51.00 price target on shares of WhiteFiber in a research note on Monday, October 6th. HC Wainwright began coverage on shares of WhiteFiber in a research note on Wednesday, October 1st. They issued a “buy” rating and a $34.00 price target for the company. Roth Capital lifted their price target on shares of WhiteFiber from $28.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, B. Riley reiterated a “buy” rating on shares of WhiteFiber in a research note on Wednesday, October 22nd. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.57.

WhiteFiber Price Performance

NASDAQ:WYFI opened at $33.99 on Friday. WhiteFiber has a fifty-two week low of $14.01 and a fifty-two week high of $40.75. The company’s 50-day moving average price is $26.48.

Institutional Trading of WhiteFiber

An institutional investor recently bought a new position in WhiteFiber stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of WhiteFiber, Inc. (NASDAQ:WYFI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,935 shares of the company’s stock, valued at approximately $1,167,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of WhiteFiber at the end of the most recent quarter.

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”).