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

WhiteFiber, Inc. (NASDAQ:WYFI) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $38.00.

A number of analysts recently commented on the company. Barclays increased their price target on WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. BTIG Research reissued a “buy” rating and issued a $50.00 price objective on shares of WhiteFiber in a research report on Wednesday, August 12th. HC Wainwright began coverage on WhiteFiber in a research note on Thursday, September 3rd. They issued a “buy” rating and a $37.00 price objective for the company. Weiss Ratings lowered WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Finally, Cantor Fitzgerald raised WhiteFiber from a “neutral” rating to an “overweight” rating and raised their target price for the company from $27.00 to $36.00 in a research report on Thursday, August 13th.

Institutional Trading of WhiteFiber

A number of large investors have recently added to or reduced their stakes in the stock. Polaris Financial Partners bought a new stake in WhiteFiber during the 3rd quarter valued at $27,000. Integrated Wealth Concepts LLC purchased a new stake in WhiteFiber during the 2nd quarter worth about $36,000. State of Alaska Department of Revenue bought a new position in WhiteFiber in the 3rd quarter worth about $55,000. Cetera Investment Advisers bought a new position in WhiteFiber in the 1st quarter worth about $203,000. Finally, CoreCap Advisors LLC purchased a new position in WhiteFiber during the 2nd quarter valued at about $235,000.

WhiteFiber Stock Performance

Shares of NASDAQ:WYFI opened at $10.49 on Friday. The business’s 50 day moving average is $16.09 and its 200 day moving average is $21.06. WhiteFiber has a 12-month low of $9.11 and a 12-month high of $46.87. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74.

WhiteFiber (NASDAQ:WYFI) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) EPS 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 during the quarter. As a group, equities analysts predict that WhiteFiber will post -1.05 EPS for the current fiscal year.

About WhiteFiber

WhiteFiber, Inc (NASDAQ: WYFI) is a digital infrastructure company focused on providing high-performance computing resources for artificial intelligence, machine learning and other data-intensive workloads.

The company develops and operates infrastructure intended to support advanced computing, including data center capacity, power and connectivity solutions, and access to specialized computing resources. Its offerings are designed for customers that require scalable, reliable infrastructure for applications such as AI model development, cloud computing and high-performance computing.

WhiteFiber is an emerging company in the rapidly expanding AI and digital infrastructure sector.