Fermi Inc. (NASDAQ:FRMI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Fermi Inc. (NASDAQ:FRMIGet Free Report) have been assigned a consensus rating of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $31.4444.

Several research analysts have weighed in on the stock. Citizens Jmp initiated coverage on shares of Fermi in a report on Monday, February 9th. They set a “market outperform” rating and a $30.00 price objective for the company. Weiss Ratings assumed coverage on shares of Fermi in a research note on Wednesday, December 24th. They issued a “sell (e+)” rating on the stock. Wall Street Zen upgraded Fermi to a “sell” rating in a research note on Saturday. Macquarie Infrastructure reissued an “outperform” rating and issued a $35.00 price objective on shares of Fermi in a report on Wednesday, November 12th. Finally, Citigroup started coverage on Fermi in a report on Monday, February 9th. They set an “outperform” rating on the stock.

View Our Latest Report on FRMI

Institutional Trading of Fermi

A number of institutional investors and hedge funds have recently modified their holdings of the business. Leonteq Securities AG acquired a new position in shares of Fermi in the 4th quarter valued at about $30,000. PNC Financial Services Group Inc. acquired a new position in Fermi in the fourth quarter valued at approximately $36,000. Aspect Partners LLC bought a new position in shares of Fermi during the fourth quarter valued at approximately $38,000. SBI Securities Co. Ltd. acquired a new stake in shares of Fermi during the 4th quarter worth approximately $41,000. Finally, MML Investors Services LLC bought a new stake in shares of Fermi in the 4th quarter worth approximately $81,000.

Key Headlines Impacting Fermi

Here are the key news stories impacting Fermi this week:

Fermi Stock Performance

Fermi stock opened at $9.97 on Friday. Fermi has a 52 week low of $7.18 and a 52 week high of $36.99. The stock has a market cap of $6.12 billion and a PE ratio of -11.87. The firm’s 50 day simple moving average is $9.15.

Fermi Company Profile

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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. We have entered into a long-term lease on a site large enough to simultaneously house the next three largest data center campuses by square footage currently in existence.

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Analyst Recommendations for Fermi (NASDAQ:FRMI)

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