Fermi (NASDAQ:FRMI) Rating Increased to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Fermi (NASDAQ:FRMI) to a strong-buy rating in a research note released on Friday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus began coverage on shares of Fermi in a research report on Monday, October 27th. They set a “buy” rating and a $29.00 price objective on the stock. Mizuho began coverage on Fermi in a research report on Monday, October 27th. They set an “outperform” rating and a $27.00 target price on the stock. Evercore ISI set a $37.00 price target on shares of Fermi and gave the company an “outperform” rating in a research report on Monday, October 27th. Berenberg Bank assumed coverage on shares of Fermi in a report on Monday, October 27th. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Zacks Research upgraded shares of Fermi to a “hold” rating in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $31.56.

Fermi Trading Down 5.0%

Shares of Fermi stock traded down $1.29 during trading on Friday, reaching $24.35. 3,499,523 shares of the company traded hands, compared to its average volume of 4,829,122. Fermi has a 1-year low of $18.70 and a 1-year 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.