Shares of WhiteFiber, Inc. (NASDAQ:WYFI – Get Free Report) have been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $34.8333.
Several brokerages recently issued reports on WYFI. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research report on Wednesday, June 24th. BTIG Research lifted their price objective on WhiteFiber from $35.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Cantor Fitzgerald upped their target price on WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. B. Riley Financial reissued a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. Finally, Needham & Company LLC raised their target price on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th.
View Our Latest Research Report on WhiteFiber
WhiteFiber Price Performance
WhiteFiber (NASDAQ:WYFI – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.07). WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The company had revenue of $21.92 million during the quarter. The company’s revenue was up 30.4% on a year-over-year basis. As a group, equities research analysts forecast that WhiteFiber will post -1.26 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Strs Ohio bought a new stake in WhiteFiber during the fourth quarter worth about $30,000. Royal Bank of Canada lifted its holdings in shares of WhiteFiber by 108.2% during the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock valued at $37,000 after purchasing an additional 1,244 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of WhiteFiber in the 4th quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of WhiteFiber in the 4th quarter worth approximately $55,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of WhiteFiber in the 4th quarter worth approximately $106,000.
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.
See Also
- Five stocks we like better than WhiteFiber
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for WhiteFiber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteFiber and related companies with MarketBeat.com's FREE daily email newsletter.
