Fermi Inc. (NASDAQ:FRMI) Receives $30.29 Consensus Target Price from Analysts

Shares of Fermi Inc. (NASDAQ:FRMI) have earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.5556.

FRMI has been the topic of a number of research reports. Berenberg Bank started coverage on shares of Fermi in a research report on Monday, October 27th. They set a “buy” rating and a $37.00 target price on the stock. Rothschild & Co Redburn began coverage on shares of Fermi in a report on Monday, October 27th. They issued a “buy” rating and a $31.00 price objective on the stock. Stifel Nicolaus began coverage on shares of Fermi in a report on Monday, October 27th. They set a “buy” rating and a $29.00 target price for the company. Zacks Research raised Fermi to a “hold” rating in a research note on Tuesday, October 28th. Finally, UBS Group assumed coverage on Fermi in a research report on Monday, October 27th. They issued a “buy” rating and a $30.00 price target on the stock.

Fermi Stock Performance

Shares of FRMI opened at $26.21 on Monday. Fermi has a 12-month low of $18.70 and a 12-month high of $36.99.

About Fermi

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.