Wall Street Zen Downgrades WhiteFiber (NASDAQ:WYFI) to Sell

WhiteFiber (NASDAQ:WYFI) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Other research analysts also recently issued reports about the stock. Craig Hallum began coverage on shares of WhiteFiber in a research report on Tuesday. They set a “buy” rating and a $25.00 target price for the company. Macquarie initiated coverage on shares of WhiteFiber in a research note on Tuesday. They set an “outperform” rating and a $28.00 price target on the stock. B. Riley began coverage on shares of WhiteFiber in a research note on Tuesday. They issued a “buy” rating and a $34.00 target price on the stock. Needham & Company LLC began coverage on shares of WhiteFiber in a research report on Tuesday. They set a “buy” rating and a $34.00 price objective on the stock. Finally, Zacks Research upgraded shares of WhiteFiber to a “hold” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.20.

WhiteFiber Stock Up 0.5%

NASDAQ WYFI opened at $16.34 on Friday. WhiteFiber has a one year low of $14.01 and a one year high of $25.13.

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”).