WhiteFiber, Inc. (NASDAQ:WYFI) Receives $34.67 Consensus Target Price from Brokerages

WhiteFiber, Inc. (NASDAQ:WYFI) has been assigned an average rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.6667.

A number of equities research analysts recently commented on WYFI shares. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research note on Wednesday, June 24th. B. Riley Financial reaffirmed a “buy” rating on shares of WhiteFiber in a report on Monday, May 18th. Cantor Fitzgerald raised their price objective on shares of WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. BTIG Research lifted their price objective on WhiteFiber from $35.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Barclays initiated coverage on WhiteFiber in a research note on Tuesday, June 9th. They issued an “equal weight” rating and a $27.00 target price on the stock.

WhiteFiber Stock Performance

Shares of WYFI stock opened at $31.44 on Monday. The stock’s 50-day moving average is $28.24 and its two-hundred day moving average is $20.75. The firm has a market cap of $1.21 billion and a price-to-earnings ratio of -21.68. WhiteFiber has a 1 year low of $10.51 and a 1 year high of $46.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.77 and a current ratio of 2.77.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The company had revenue of $21.92 million during the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The business’s revenue was up 30.4% on a year-over-year basis. Analysts predict that WhiteFiber will post -1.01 earnings per share for the current year.

Institutional Investors Weigh In On WhiteFiber

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Situational Awareness LP purchased a new position in WhiteFiber in the fourth quarter valued at about $27,770,000. Clearfield Capital Management LP boosted its position in shares of WhiteFiber by 426.6% in the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock worth $20,756,000 after buying an additional 1,064,177 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of WhiteFiber by 4.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 600,315 shares of the company’s stock valued at $9,486,000 after buying an additional 24,189 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of WhiteFiber by 67.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock valued at $7,232,000 after buying an additional 184,829 shares during the period. Finally, Monashee Investment Management LLC purchased a new stake in shares of WhiteFiber during the 3rd quarter valued at about $9,645,000.

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.