WhiteFiber (NASDAQ:WYFI) Stock Price Target Raised at HC Wainwright

WhiteFiber (NASDAQ:WYFI) had its price objective boosted by HC Wainwright from $34.00 to $36.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also commented on WYFI. Weiss Ratings reiterated a “sell (d-)” rating on shares of WhiteFiber in a research note on Tuesday. Cantor Fitzgerald upgraded shares of WhiteFiber from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $36.00 in a research report on Thursday, August 13th. Barclays upped their target price on shares of WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Needham & Company LLC dropped their target price on shares of WhiteFiber from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of WhiteFiber in a research note on Wednesday, August 12th. Nine equities 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.22.

WhiteFiber Stock Performance

WYFI opened at $10.43 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. WhiteFiber has a one year low of $7.43 and a one year high of $46.87. The business’s 50-day simple moving average is $14.91 and its 200-day simple moving average is $20.75.

WhiteFiber (NASDAQ:WYFI) last posted its earnings results on Tuesday, November 10th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($2.08). The business had revenue of $24.02 million for the quarter. WhiteFiber had a negative return on equity of 12.59% and a negative net margin of 132.17%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.47) EPS. As a group, analysts forecast that WhiteFiber will post -1.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Galaxy Digital Inc. acquired a new stake in shares of WhiteFiber in the first quarter valued at approximately $834,000. Tidal Investments LLC increased its holdings in shares of WhiteFiber by 115.9% in the 2nd quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock valued at $4,876,000 after acquiring an additional 67,379 shares during the period. Sei Investments Co. increased its holdings in shares of WhiteFiber by 196.0% in the 1st quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock valued at $859,000 after acquiring an additional 47,770 shares during the period. Bank of America Corp DE increased its holdings in shares of WhiteFiber by 220.9% in the 1st quarter. Bank of America Corp DE now owns 60,113 shares of the company’s stock valued at $716,000 after acquiring an additional 41,383 shares during the period. Finally, Sculptor Capital LP purchased a new stake in WhiteFiber in the 1st quarter valued at $476,000.

WhiteFiber News Roundup

These are some of the WYFI news items that stood out recently:

• Positive Sentiment: WhiteFiber said NC-1 is now operational across all 40 MW of contracted IT capacity, a potentially important step for its AI-infrastructure business. WhiteFiber Q3 results
• Positive Sentiment: Analysts maintained Buy ratings. HC Wainwright raised its target to $36, while Needham cut its target to $37 and BTIG lowered its target to $30; the target revisions were mixed, but all three firms remained bullish. Read More., Read More., Read More.
• Negative Sentiment: Q3 results were weak: WhiteFiber reported a $2.44-per-share loss versus the consensus estimate of a $0.36 loss. Revenue was $24.02 million, up 18.9% year over year, but the earnings miss and coverage of an $80.8 million charge weighed on the results. Q3 earnings coverage Charge and NC-1 coverage

About WhiteFiber

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.