HC Wainwright Reaffirms Buy Rating for WhiteFiber (NASDAQ:WYFI)

WhiteFiber (NASDAQ:WYFI)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a report issued on Monday, Marketbeat.com reports. They currently have a $34.00 price objective on the stock. HC Wainwright’s price target would suggest a potential upside of 92.96% from the stock’s previous close.

WYFI has been the subject of a number of other research reports. Compass Point began coverage on WhiteFiber in a research report on Tuesday, December 16th. They set a “buy” rating and a $32.00 price target for the company. Macquarie lifted their price objective on WhiteFiber from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Needham & Company LLC dropped their target price on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Roth Capital cut their price target on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Wall Street Zen downgraded shares of WhiteFiber from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.70.

WhiteFiber Stock Down 3.8%

Shares of WYFI stock opened at $17.62 on Monday. WhiteFiber has a one year low of $13.91 and a one year high of $40.75. The stock’s 50 day moving average is $23.57.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The business had revenue of $20.18 million for the quarter, compared to the consensus estimate of $21.18 million. The company’s revenue for the quarter was up 64.2% on a year-over-year basis.

Institutional Trading of WhiteFiber

Several large investors have recently bought and sold shares of WYFI. Prelude Capital Management LLC purchased a new stake in shares of WhiteFiber during the third quarter valued at approximately $258,000. J.W. Cole Advisors Inc. purchased a new stake in WhiteFiber during the 3rd quarter worth $260,000. Militia Capital Partners LP purchased a new stake in WhiteFiber during the 3rd quarter worth $326,000. Gladstone Institutional Advisory LLC acquired a new position in WhiteFiber in the 3rd quarter worth $349,000. Finally, Pentwater Capital Management LP purchased a new position in WhiteFiber in the 3rd quarter valued at about $353,000.

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.