WhiteFiber, Inc. (NASDAQ:WYFI) Receives $36.22 Consensus PT from Brokerages

WhiteFiber, Inc. (NASDAQ:WYFI) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $36.2222.

A number of brokerages have recently issued reports on WYFI. Citigroup began coverage on shares of WhiteFiber in a research note on Wednesday, November 19th. They issued an “outperform” rating for the company. Compass Point began coverage on shares of WhiteFiber in a research report on Tuesday, December 16th. They set a “buy” rating and a $32.00 price target for the company. Roth Mkm reduced 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. Citizens Jmp set a $37.00 target price on WhiteFiber in a research note on Wednesday, November 19th. Finally, Needham & Company LLC reduced their price target on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WYFI. Royal Bank of Canada boosted its position in WhiteFiber by 108.2% during the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock valued at $37,000 after buying an additional 1,244 shares during the period. Strs Ohio bought a new position in shares of WhiteFiber during the fourth quarter valued at about $30,000. Shikiar Asset Management Inc. raised its stake in shares of WhiteFiber by 4.9% during the fourth quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company’s stock valued at $771,000 after acquiring an additional 2,290 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of WhiteFiber by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 49,513 shares of the company’s stock worth $782,000 after purchasing an additional 2,477 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of WhiteFiber in the fourth quarter worth about $44,000.

WhiteFiber Stock Performance

Shares of WYFI opened at $18.51 on Tuesday. WhiteFiber has a 1 year low of $13.91 and a 1 year high of $40.75. The stock has a 50 day moving average price of $18.33. The stock has a market capitalization of $708.19 million and a price-to-earnings ratio of -39.38.

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.