Fermi Inc. (NASDAQ:FRMI) Given Average Rating of “Buy” by Brokerages

Shares of Fermi Inc. (NASDAQ:FRMI) have been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.5556.

Several research analysts recently weighed in on the stock. Rothschild Redb raised shares of Fermi to a “strong-buy” rating in a research note on Monday, October 27th. UBS Group began coverage on shares of Fermi in a research report on Monday, October 27th. They issued a “buy” rating and a $30.00 price objective for the company. Redburn Partners set a $31.00 price target on Fermi in a research report on Monday, October 27th. Mizuho began coverage on shares of Fermi in a report on Monday, October 27th. They set an “outperform” rating and a $27.00 price objective on the stock. Finally, Berenberg Bank began coverage on Fermi in a research report on Monday, October 27th. They set a “buy” rating and a $37.00 price objective for the company.

Fermi Stock Performance

Shares of FRMI opened at $8.88 on Tuesday. The company has a fifty day moving average price of $19.20. Fermi has a 52 week low of $8.02 and a 52 week high of $36.99.

Fermi (NASDAQ:FRMI) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.84) earnings per share for the quarter.

Fermi Company Profile

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.