WhiteFiber (NASDAQ:WYFI) Trading Down 5.6% – What’s Next?

WhiteFiber, Inc. (NASDAQ:WYFI)’s share price fell 5.6% during mid-day trading on Friday . The stock traded as low as $31.68 and last traded at $31.81. 764,256 shares changed hands during trading, a decline of 37% from the average session volume of 1,221,555 shares. The stock had previously closed at $33.68.

Analysts Set New Price Targets

Several brokerages have issued reports on WYFI. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of WhiteFiber in a research report on Thursday, September 18th. Roth Capital lifted their target price on shares of WhiteFiber from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. B. Riley began coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They set a “buy” rating and a $34.00 target price for the company. Macquarie lifted their target price on shares of WhiteFiber from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Finally, Wall Street Zen lowered shares of WhiteFiber from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.17.

WhiteFiber Stock Down 7.4%

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”).