Fermi (NASDAQ:FRMI) Upgraded by Rothschild Redb to Strong-Buy Rating

Fermi (NASDAQ:FRMI) was upgraded by stock analysts at Rothschild Redb to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also weighed in on FRMI. Rothschild & Co Redburn initiated coverage on Fermi in a research report on Monday. They set a “buy” rating and a $31.00 price objective for the company. Evercore ISI set a $37.00 price target on Fermi and gave the stock an “outperform” rating in a research report on Monday. Mizuho began coverage on shares of Fermi in a research note on Monday. They issued an “outperform” rating and a $27.00 price target on the stock. Cantor Fitzgerald began coverage on shares of Fermi in a research note on Monday. They set an “overweight” rating and a $27.00 price objective for the company. Finally, Stifel Nicolaus began coverage on shares of Fermi in a research note on Monday. They issued a “buy” rating and a $29.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $31.56.

Fermi Stock Up 1.2%

Shares of NASDAQ FRMI opened at $23.83 on Monday. Fermi has a fifty-two week low of $18.70 and a fifty-two week high of $36.99.

About Fermi

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.