WhiteFiber, Inc. (NASDAQ:WYFI) Stock Has Consensus Price Target of $38.00 According to Brokerages

WhiteFiber, Inc. (NASDAQ:WYFI) has received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $38.00.

Several equities analysts have commented on WYFI shares. HC Wainwright reiterated a “buy” rating and issued a $37.00 price objective on shares of WhiteFiber in a report on Thursday, September 3rd. Cantor Fitzgerald raised shares of WhiteFiber from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $27.00 to $36.00 in a research report on Thursday, August 13th. Weiss Ratings cut shares of WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Needham & Company LLC lifted their target price on shares of WhiteFiber from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $50.00 price target on shares of WhiteFiber in a research note on Wednesday, August 12th.

WhiteFiber Price Performance

WYFI stock opened at $14.54 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.79 and a quick ratio of 0.79. WhiteFiber has a 1-year low of $10.51 and a 1-year high of $46.87. The business’s 50 day simple moving average is $20.17 and its 200 day simple moving average is $23.46.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.01. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. The business had revenue of $28.84 million for the quarter. As a group, analysts expect that WhiteFiber will post -1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On WhiteFiber

Several hedge funds have recently bought and sold shares of WYFI. Tidal Investments LLC lifted its holdings in WhiteFiber by 115.9% during the 2nd quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock worth $4,876,000 after purchasing an additional 67,379 shares during the last quarter. Galaxy Digital Inc. bought a new stake in WhiteFiber in the 1st quarter valued at $834,000. Sei Investments Co. grew its holdings in WhiteFiber by 196.0% in the 1st quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock valued at $859,000 after buying an additional 47,770 shares in the last quarter. Sculptor Capital LP acquired a new position in WhiteFiber in the 1st quarter valued at $476,000. Finally, Bank of America Corp DE grew its holdings in WhiteFiber by 220.9% in the 1st quarter. Bank of America Corp DE now owns 60,113 shares of the company’s stock valued at $716,000 after buying an additional 41,383 shares in the last quarter.

WhiteFiber Company Profile

WhiteFiber, Inc (NASDAQ: WYFI) is a digital infrastructure company focused on providing data center and high-performance computing services. Its offerings are designed to support organizations that require scalable computing capacity, secure infrastructure and reliable network connectivity.

The company’s business activities include data center solutions, colocation, dedicated computing resources and cloud-related services. WhiteFiber also supports advanced workloads, including artificial intelligence and other applications that require substantial processing power and specialized infrastructure.

WhiteFiber serves business and technology customers through its digital infrastructure platform.