WhiteFiber (NASDAQ:WYFI) experienced a reduction in its price target by Needham & Company LLC, which adjusted the figure from $45.00 to $38.00 in a report released on Friday, according to Benzinga. Despite this adjustment, Needham maintains a buy rating for the stock.
Recently, WhiteFiber has been featured in several reports from various financial analysts. Weiss Ratings initiated coverage on the company the same day, assigning a “sell (d)” rating. Additionally, Wall Street Zen downgraded WhiteFiber from a “hold” to a “sell” rating on September 5th.
On October 1st, HC Wainwright began coverage of WhiteFiber with a “buy” rating and set a price target of $34.00. In a report dated October 22nd, B. Riley reaffirmed their buy rating for the stock.
Overall, six analysts have rated WhiteFiber as a buy, one has issued a hold rating, and another has given it a sell rating. Current data from MarketBeat indicates that the company holds an average rating of “Moderate Buy” with a consensus target price of approximately $35.86.
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In terms of institutional trading, several investment firms have adjusted their positions in WhiteFiber. In the third quarter, Metavasi Capital LP established a new stake valued at around $5,193,000, while Davidson Kempner Capital Management LP acquired shares worth approximately $3,396,000. Additionally, Two Sigma Investments LP and Concentric Capital Strategies LP also secured new positions during this period.
WhiteFiber positions itself as a key provider of artificial intelligence infrastructure solutions, owning high-performance computing data centers and offering cloud-based GPU services for AI application and machine learning developers.
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