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

WhiteFiber (NASDAQ:WYFI)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a report released on Monday,Benzinga reports. They presently have a $34.00 target price on the stock. HC Wainwright’s price target points to a potential upside of 57.41% from the stock’s current price.

Several other research firms also recently commented on WYFI. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a report on Monday, December 29th. JMP Securities set a $37.00 target price on WhiteFiber in a report on Wednesday, November 19th. Needham & Company LLC dropped their price target on WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Citigroup started coverage on shares of WhiteFiber in a research report on Wednesday, November 19th. They issued an “outperform” rating on the stock. Finally, 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 target price on the stock. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.30.

WhiteFiber Trading Up 5.2%

Shares of NASDAQ WYFI opened at $21.60 on Monday. WhiteFiber has a 1 year low of $13.91 and a 1 year high of $40.75. The stock has a fifty day moving average price of $18.22. The stock has a market capitalization of $826.42 million and a PE ratio of -45.96.

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

Institutional Investors Weigh In On WhiteFiber

A number of large investors have recently modified their holdings of the business. Monashee Investment Management LLC purchased a new position in WhiteFiber in the 3rd quarter worth approximately $9,645,000. Marshall Wace LLP purchased a new stake in WhiteFiber during the 3rd quarter worth approximately $9,105,000. Wasatch Advisors LP acquired a new position in WhiteFiber during the 3rd quarter worth $8,382,000. Clearfield Capital Management LP acquired a new position in WhiteFiber during the 3rd quarter worth approximately $6,778,000. Finally, Vanguard Group Inc. purchased a new stake in shares of WhiteFiber during the 3rd quarter worth $6,563,000.

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.