WhiteFiber, Inc. (NASDAQ:WYFI) Receives Average Recommendation of “Moderate Buy” from Analysts

WhiteFiber, Inc. (NASDAQ:WYFI) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $36.2222.

WYFI has been the subject of several recent analyst reports. Compass Point assumed coverage on WhiteFiber in a report on Tuesday, December 16th. They issued a “buy” rating and a $32.00 price target for the company. Needham & Company LLC cut their price objective on WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a research report on Monday, December 29th. Citigroup started coverage on shares of WhiteFiber in a report on Wednesday, November 19th. They issued an “outperform” rating for the company. Finally, HC Wainwright reiterated a “buy” rating and issued a $34.00 price objective on shares of WhiteFiber in a research note on Monday, January 26th.

Institutional Investors Weigh In On WhiteFiber

A number of institutional investors and hedge funds have recently modified their holdings of WYFI. Strs Ohio acquired a new position in WhiteFiber during the fourth quarter worth $30,000. Royal Bank of Canada raised its stake in shares of WhiteFiber by 108.2% during the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock worth $37,000 after buying an additional 1,244 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of WhiteFiber in the 4th quarter worth about $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in WhiteFiber in the 4th quarter valued at about $55,000. Finally, MetLife Investment Management LLC purchased a new position in WhiteFiber during the 4th quarter valued at about $106,000.

WhiteFiber Trading Up 0.7%

Shares of WhiteFiber stock opened at $17.01 on Tuesday. The firm has a market capitalization of $650.80 million and a price-to-earnings ratio of -36.19. WhiteFiber has a 52-week low of $13.91 and a 52-week high of $40.75. The business’s 50-day moving average price is $18.10.

About WhiteFiber

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.