Fermi Inc. (NASDAQ:FRMI) Receives Average Recommendation of “Buy” from Analysts

Fermi Inc. (NASDAQ:FRMIGet Free Report) has earned a consensus rating of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $31.5556.

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Fermi to a “hold” rating in a research report on Tuesday, October 28th. Cantor Fitzgerald restated an “overweight” rating on shares of Fermi in a research report on Wednesday, November 12th. Stifel Nicolaus began coverage on Fermi in a report on Monday, October 27th. They issued a “buy” rating and a $29.00 price objective on the stock. Rothschild Redb upgraded Fermi to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Berenberg Bank assumed coverage on Fermi in a research report on Monday, October 27th. They issued a “buy” rating and a $37.00 target price on the stock.

Read Our Latest Analysis on FRMI

Fermi Stock Up 3.4%

Shares of FRMI stock opened at $8.52 on Wednesday. Fermi has a 12-month low of $7.28 and a 12-month high of $36.99. The business’s 50 day simple moving average is $10.59. The stock has a market capitalization of $5.23 billion and a P/E ratio of -10.14.

Fermi (NASDAQ:FRMIGet Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.84) EPS for the quarter.

Institutional Investors Weigh In On Fermi

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new stake in shares of Fermi during the fourth quarter worth $423,000. Capelight Capital Asset Management LP purchased a new position in shares of Fermi in the fourth quarter worth about $292,000. Renaissance Capital LLC acquired a new position in Fermi during the fourth quarter worth about $182,000. WJ Financial Advisors LLC acquired a new position in Fermi during the fourth quarter worth about $167,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Fermi during the 4th quarter valued at about $158,000.

Key Headlines Impacting Fermi

Here are the key news stories impacting Fermi this week:

Fermi Company Profile

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Fermi’s mission is to power the artificial intelligence (“AI”) needs of tomorrow. We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1.1 GW of power projected to be online by the end of 2026. We have entered into a long-term lease on a site large enough to simultaneously house the next three largest data center campuses by square footage currently in existence.

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Analyst Recommendations for Fermi (NASDAQ:FRMI)

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