Fermi (NASDAQ:FRMI) Coverage Initiated by Analysts at UBS Group

Equities researchers at UBS Group assumed coverage on shares of Fermi (NASDAQ:FRMI) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. UBS Group’s price objective would suggest a potential upside of 25.89% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Rothschild Redb raised shares of Fermi to a “strong-buy” rating in a research note on Monday. Macquarie assumed coverage on shares of Fermi in a research note on Monday. They issued an “outperform” rating and a $35.00 price objective on the stock. Evercore ISI set a $37.00 price objective on shares of Fermi and gave the company an “outperform” rating in a research note on Monday. Cantor Fitzgerald assumed coverage on shares of Fermi in a research note on Monday. They issued an “overweight” rating and a $27.00 price objective on the stock. Finally, Stifel Nicolaus assumed coverage on shares of Fermi in a research note on Monday. They issued a “buy” rating and a $29.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $31.56.

Fermi Stock Performance

FRMI stock opened at $23.83 on Monday. Fermi has a 12 month low of $18.70 and a 12 month high of $36.99.

Fermi Company Profile

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.