Brokerages Set WhiteFiber, Inc. (NASDAQ:WYFI) PT at $36.30

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $36.30.

WYFI has been the subject of a number of recent analyst reports. UBS Group set a $51.00 price objective on shares of WhiteFiber in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a report on Monday, December 29th. Compass Point began coverage on WhiteFiber in a research report on Tuesday, December 16th. They set a “buy” rating and a $32.00 price target on the stock. Citigroup assumed coverage on WhiteFiber in a research report on Wednesday, November 19th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC lowered their target price on WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th.

Institutional Investors Weigh In On WhiteFiber

Several institutional investors have recently added to or reduced their stakes in WYFI. Prelude Capital Management LLC bought a new position in WhiteFiber in the third quarter valued at approximately $258,000. J.W. Cole Advisors Inc. acquired a new position in WhiteFiber in the 3rd quarter valued at $260,000. Militia Capital Partners LP bought a new position in WhiteFiber during the 3rd quarter worth $326,000. Gladstone Institutional Advisory LLC bought a new position in WhiteFiber during the 3rd quarter worth $349,000. Finally, Pentwater Capital Management LP acquired a new stake in shares of WhiteFiber during the third quarter worth $353,000.

WhiteFiber Trading Down 5.5%

Shares of WYFI stock opened at $16.75 on Monday. The company has a market cap of $640.86 million and a PE ratio of -35.64. The company has a 50-day moving average of $20.12. WhiteFiber has a one year low of $13.91 and a one year high of $40.75.

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

About WhiteFiber

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.