WhiteFiber (NASDAQ:WYFI) Price Target Raised to $36.00

WhiteFiber (NASDAQ:WYFI) had its price objective boosted by HC Wainwright from $34.00 to $36.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright‘s target price would suggest a potential upside of 290.88% from the stock’s previous close.

Several other brokerages have also commented on WYFI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WhiteFiber in a research note on Tuesday. Barclays increased their price objective on WhiteFiber from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Cantor Fitzgerald raised WhiteFiber from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $36.00 in a report on Thursday, August 13th. Needham & Company LLC cut their price objective on WhiteFiber from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday. Finally, BTIG Research restated a “buy” rating and issued a $50.00 target price on shares of WhiteFiber in a research note on Wednesday, August 12th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.22.

WhiteFiber Stock Down 3.8%

NASDAQ WYFI opened at $9.21 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. The stock’s 50 day moving average is $15.05 and its two-hundred day moving average is $20.80. The company has a market capitalization of $417.04 million, a price-to-earnings ratio of -5.01 and a beta of 6.77. WhiteFiber has a 1-year low of $7.43 and a 1-year high of $46.87.

WhiteFiber (NASDAQ:WYFI) last issued its earnings results on Tuesday, November 10th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($2.08). The company had revenue of $24.02 million during the quarter. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.47) earnings per share. Equities analysts forecast that WhiteFiber will post -1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WhiteFiber

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Polaris Financial Partners bought a new position in WhiteFiber in the 3rd quarter valued at $27,000. Integrated Wealth Concepts LLC bought a new stake in shares of WhiteFiber during the second quarter worth $36,000. Bogart Wealth LLC increased its stake in shares of WhiteFiber by 160.0% in the third quarter. Bogart Wealth LLC now owns 2,600 shares of the company’s stock valued at $47,000 after buying an additional 1,600 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of WhiteFiber in the third quarter valued at $55,000. Finally, Cetera Investment Advisers bought a new position in shares of WhiteFiber in the first quarter valued at about $203,000.

WhiteFiber Company Profile

WhiteFiber Inc. (NASDAQ: WYFI) is a digital infrastructure company focused on data center and cloud computing services for artificial intelligence and high-performance computing workloads. Its offerings combine data center infrastructure with access to specialized computing resources. The company provides GPU-based cloud services and data center solutions designed to support demanding applications, including AI model training and inference. These services help customers access computing capacity without building and operating all of the required infrastructure themselves.