WhiteFiber (NASDAQ:WYFI) Given “Buy” Rating at HC Wainwright

WhiteFiber (NASDAQ:WYFI)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They currently have a $34.00 target price on the stock. HC Wainwright’s price target would indicate a potential upside of 68.48% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. JMP Securities set a $37.00 target price on WhiteFiber in a research note on Wednesday, November 19th. Citigroup assumed coverage on shares of WhiteFiber in a research note on Wednesday, November 19th. They issued an “outperform” rating on the stock. B. Riley decreased their price target on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Roth Mkm dropped their price objective on WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Citizens Jmp initiated coverage on WhiteFiber in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $37.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, WhiteFiber currently has an average rating of “Moderate Buy” and a consensus target price of $36.30.

WhiteFiber Stock Performance

NASDAQ:WYFI opened at $20.18 on Monday. The stock has a market cap of $772.09 million and a price-to-earnings ratio of -42.94. WhiteFiber has a 52 week low of $13.91 and a 52 week high of $40.75. The company has a 50-day moving average price of $18.08.

WhiteFiber (NASDAQ:WYFI) last announced its earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The firm had revenue of $20.18 million during the quarter, compared to analysts’ expectations of $21.18 million. The company’s quarterly revenue was up 64.2% on a year-over-year basis.

Institutional Investors Weigh In On WhiteFiber

Institutional investors and hedge funds have recently made changes to their positions in the business. Monashee Investment Management LLC purchased a new position in WhiteFiber during the third quarter worth about $9,645,000. Marshall Wace LLP bought a new stake in shares of WhiteFiber during the 3rd quarter valued at about $9,105,000. Wasatch Advisors LP purchased a new stake in WhiteFiber in the third quarter valued at approximately $8,382,000. Clearfield Capital Management LP purchased a new stake in shares of WhiteFiber during the 3rd quarter valued at $6,778,000. Finally, Vanguard Group Inc. bought a new stake in WhiteFiber during the third quarter worth about $6,563,000.

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.