Fermi (NASDAQ:FRMI) Earns “Outperform” Rating from Macquarie

Fermi (NASDAQ:FRMI)‘s stock had its “outperform” rating restated by stock analysts at Macquarie in a report issued on Wednesday,Benzinga reports. They presently have a $35.00 price objective on the stock. Macquarie’s price target suggests a potential upside of 61.22% from the company’s previous close.

A number of other brokerages have also weighed in on FRMI. Redburn Partners set a $31.00 price objective on Fermi in a report on Monday, October 27th. Berenberg Bank started coverage on Fermi in a report on Monday, October 27th. They issued a “buy” rating and a $37.00 target price for the company. UBS Group started coverage on shares of Fermi in a report on Monday, October 27th. They issued a “buy” rating and a $30.00 price target for the company. Evercore ISI set a $37.00 target price on shares of Fermi and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, Rothschild & Co Redburn began coverage on Fermi in a research note on Monday, October 27th. They set a “buy” rating and a $31.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Fermi currently has a consensus rating of “Buy” and a consensus price target of $31.56.

Fermi Trading Down 0.9%

Fermi stock traded down $0.20 during mid-day trading on Wednesday, hitting $21.71. The company had a trading volume of 2,900,236 shares, compared to its average volume of 5,621,234. Fermi has a 1 year low of $18.70 and a 1 year high of $36.99.

Fermi (NASDAQ:FRMI) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.84) earnings per share (EPS) for the quarter.

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.