WhiteFiber, Inc. (NASDAQ:WYFI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have earned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $36.2222.

Several equities analysts recently issued reports on WYFI shares. Compass Point assumed coverage on shares of WhiteFiber in a research report on Tuesday, December 16th. They set a “buy” rating and a $32.00 price target on the stock. Roth Mkm cut their price objective on WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. B. Riley Financial reduced their target price on WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, December 24th. Needham & Company LLC lowered their target price on WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Citigroup began coverage on WhiteFiber in a research report on Wednesday, November 19th. They set an “outperform” rating on the stock.

WhiteFiber Trading Down 9.0%

Shares of WhiteFiber stock opened at $16.85 on Tuesday. WhiteFiber has a 12-month low of $13.91 and a 12-month high of $40.75. The stock has a market cap of $644.68 million and a P/E ratio of -35.85. The firm’s fifty day moving average is $18.33.

Institutional Trading of WhiteFiber

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in WhiteFiber by 108.2% during the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock valued at $37,000 after acquiring an additional 1,244 shares during the period. Strs Ohio bought a new position in shares of WhiteFiber during the fourth quarter valued at approximately $30,000. Shikiar Asset Management Inc. lifted its holdings in shares of WhiteFiber by 4.9% during the fourth quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company’s stock valued at $771,000 after purchasing an additional 2,290 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of WhiteFiber by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 49,513 shares of the company’s stock valued at $782,000 after purchasing an additional 2,477 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of WhiteFiber in the 4th quarter worth approximately $44,000.

About WhiteFiber

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.