WhiteFiber, Inc. (NASDAQ:WYFI) Receives $34.83 Average Target Price from Brokerages

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have received an average rating of “Moderate Buy” from the fourteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $34.8333.

WYFI has been the subject of a number of analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of WhiteFiber in a report on Monday, May 18th. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a research report on Wednesday, June 24th. BTIG Research increased their price target on shares of WhiteFiber from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Barclays raised their price target on shares of WhiteFiber from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Needham & Company LLC raised their price target on shares of WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th.

WhiteFiber Stock Performance

WYFI opened at $23.63 on Friday. The business has a 50 day moving average price of $31.27 and a two-hundred day moving average price of $22.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 2.77. The company has a market capitalization of $912.35 million and a price-to-earnings ratio of -16.30. WhiteFiber has a 1-year low of $10.51 and a 1-year high of $46.87.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The firm had revenue of $21.92 million for the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The business’s revenue was up 30.4% compared to the same quarter last year. Research analysts predict that WhiteFiber will post -1.26 EPS for the current fiscal year.

Hedge Funds Weigh In On WhiteFiber

A number of hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in WhiteFiber during the 4th quarter valued at about $30,000. Royal Bank of Canada lifted its stake in shares of WhiteFiber by 108.2% in the fourth 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 in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of WhiteFiber during the fourth quarter valued at approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of WhiteFiber during the fourth quarter valued at approximately $55,000. Finally, MetLife Investment Management LLC purchased a new position in WhiteFiber in the 4th quarter worth approximately $106,000.

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.