WhiteFiber’s (WYFI) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of WhiteFiber (NASDAQ:WYFI) in a research report report published on Monday,Benzinga reports. The brokerage currently has a $34.00 target price on the stock.

A number of other analysts have also recently weighed in on the stock. Citigroup initiated coverage on shares of WhiteFiber in a report on Wednesday, November 19th. They set an “outperform” rating on the stock. Citizens Jmp assumed coverage on WhiteFiber in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $37.00 target price for the company. B. Riley dropped their price target on WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Roth Mkm reduced their price objective on WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, UBS Group set a $51.00 price objective on WhiteFiber in a report on Monday, October 6th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.30.

WhiteFiber Stock Up 2.1%

WYFI stock opened at $20.53 on Monday. The firm has a 50-day moving average of $18.13. The firm has a market cap of $785.48 million and a price-to-earnings ratio of -43.68. WhiteFiber has a 1 year low of $13.91 and a 1 year high of $40.75.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.35). The business had revenue of $20.18 million for the quarter, compared to the consensus estimate of $21.18 million. The firm’s revenue was up 64.2% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WYFI. Monashee Investment Management LLC acquired a new stake in shares of WhiteFiber during the third quarter worth $9,645,000. Marshall Wace LLP acquired a new stake in shares of WhiteFiber in the 3rd quarter worth $9,105,000. Wasatch Advisors LP purchased a new stake in shares of WhiteFiber in the third quarter valued at about $8,382,000. Clearfield Capital Management LP purchased a new stake in shares of WhiteFiber in the third quarter valued at about $6,778,000. Finally, Vanguard Group Inc. acquired a new position in shares of WhiteFiber during the third quarter worth about $6,563,000.

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