WhiteFiber (NASDAQ:WYFI) Stock Price Target Lowered at Needham & Company LLC

WhiteFiber (NASDAQ:WYFI) had its target price decreased by Needham & Company LLC from $41.00 to $37.00 in a research note published on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on WYFI. BTIG Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of WhiteFiber in a research report on Wednesday, August 12th. HC Wainwright started coverage on shares of WhiteFiber in a report on Thursday, September 3rd. They issued a “buy” rating and a $37.00 target price for the company. Barclays boosted their target price on WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. Weiss Ratings restated a “sell (d-)” rating on shares of WhiteFiber in a research note on Tuesday. Finally, Cantor Fitzgerald upgraded WhiteFiber from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $36.00 in a research report on Thursday, August 13th. Nine 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.22.

WhiteFiber Stock Performance

Shares of WYFI stock opened at $10.43 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average of $14.91 and a two-hundred day moving average of $20.75. WhiteFiber has a 1-year low of $7.43 and a 1-year high of $46.87.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Tuesday, November 10th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($2.08). The company had revenue of $24.02 million for the quarter. WhiteFiber had a negative net margin of 132.17% and a negative return on equity of 12.59%. WhiteFiber’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.47) EPS. Equities analysts anticipate that WhiteFiber will post -1.05 earnings per share for the current fiscal year.

Institutional Trading of WhiteFiber

A number of institutional investors have recently bought and sold shares of the business. Polaris Financial Partners acquired a new stake in shares of WhiteFiber during the 3rd quarter worth about $27,000. Integrated Wealth Concepts LLC purchased a new stake in shares of WhiteFiber during the 2nd quarter worth approximately $36,000. Bogart Wealth LLC lifted its position in shares of WhiteFiber by 160.0% during the 3rd quarter. Bogart Wealth LLC now owns 2,600 shares of the company’s stock worth $47,000 after buying an additional 1,600 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of WhiteFiber in the 3rd quarter valued at $55,000. Finally, Cetera Investment Advisers acquired a new position in shares of WhiteFiber in the 1st quarter valued at $203,000.

WhiteFiber News Summary

Investors following WYFI have been watching these news items:

• 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.
• Neutral Sentiment: The company entered a $300 million secured term-loan facility for the NC-1 project. The financing may support operations and investment, while adding debt and secured obligations. Term loan announcement
• 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.