WhiteFiber (NASDAQ:WYFI) Trading Up 8.8% – Time to Buy?

WhiteFiber, Inc. (NASDAQ:WYFIGet Free Report) traded up 8.8% on Friday . The company traded as high as $31.92 and last traded at $31.54. 479,336 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,228,143 shares. The stock had previously closed at $28.99.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WYFI. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of WhiteFiber in a research report on Thursday, September 18th. UBS Group set a $51.00 price target on shares of WhiteFiber in a research note on Monday, October 6th. Zacks Research raised shares of WhiteFiber to a “hold” rating in a research report on Wednesday, September 3rd. B. Riley restated a “buy” rating on shares of WhiteFiber in a research report on Wednesday. Finally, Roth Capital lifted their target price on shares of WhiteFiber from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Get Our Latest Analysis on WYFI

WhiteFiber Stock Performance

The firm has a fifty day moving average price of $24.78.

Hedge Funds Weigh In On WhiteFiber

A hedge fund recently bought a new stake in WhiteFiber stock. Gladstone Institutional Advisory LLC acquired a new position in shares of WhiteFiber, Inc. (NASDAQ:WYFIFree Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,850 shares of the company’s stock, valued at approximately $349,000.

About WhiteFiber

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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”).

Further Reading

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