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

Shares of WhiteFiber, Inc. (NASDAQ:WYFIGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $34.6667.

Several brokerages recently weighed in on WYFI. Cantor Fitzgerald increased their price objective on WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. BTIG Research upped their price target on WhiteFiber from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Needham & Company LLC increased their price target on WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Barclays assumed coverage on WhiteFiber in a report on Tuesday, June 9th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Finally, B. Riley Financial reissued a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th.

Check Out Our Latest Stock Analysis on WhiteFiber

Hedge Funds Weigh In On WhiteFiber

Large investors have recently bought and sold shares of the company. Fortress Investment Group LLC purchased a new position in shares of WhiteFiber during the 3rd quarter worth $4,301,000. JPMorgan Chase & Co. purchased a new stake in shares of WhiteFiber in the third quarter valued at $2,718,000. Monashee Investment Management LLC acquired a new position in WhiteFiber in the third quarter valued at $9,645,000. Clearfield Capital Management LP acquired a new position in WhiteFiber in the third quarter valued at $6,778,000. Finally, Portolan Capital Management LLC purchased a new stake in WhiteFiber in the 3rd quarter valued at about $4,365,000.

WhiteFiber Price Performance

Shares of NASDAQ WYFI opened at $31.44 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.77 and a current ratio of 2.77. The firm has a fifty day moving average of $28.24 and a 200 day moving average of $20.71. The firm has a market cap of $1.21 billion and a PE ratio of -21.68. WhiteFiber has a one year low of $10.51 and a one year high of $46.87.

WhiteFiber (NASDAQ:WYFIGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. As a group, research analysts predict that WhiteFiber will post -1.01 EPS for the current fiscal year.

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.

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Analyst Recommendations for WhiteFiber (NASDAQ:WYFI)

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