Fermi Inc. (NASDAQ:FRMI) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Fermi Inc. (NASDAQ:FRMI) have been assigned a consensus rating of “Buy” from the ten analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $31.5556.

Several equities research analysts have commented on FRMI shares. Rothschild Redb upgraded Fermi to a “strong-buy” rating in a research note on Monday, October 27th. Cantor Fitzgerald restated an “overweight” rating on shares of Fermi in a report on Wednesday, November 12th. Zacks Research raised shares of Fermi to a “hold” rating in a research report on Tuesday, October 28th. Stifel Nicolaus started coverage on shares of Fermi in a research note on Monday, October 27th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Evercore ISI set a $37.00 target price on shares of Fermi and gave the company an “outperform” rating in a research note on Monday, October 27th.

Fermi Trading Down 14.9%

NASDAQ:FRMI opened at $8.59 on Tuesday. Fermi has a fifty-two week low of $8.30 and a fifty-two week high of $36.99. The stock’s 50 day moving average is $21.13.

Fermi (NASDAQ:FRMI) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.84) EPS for the quarter.

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.