Fermi (NASDAQ:FRMI) Coverage Initiated at Citizens Jmp

Research analysts at Citizens Jmp assumed coverage on shares of Fermi (NASDAQ:FRMI) in a report released on Monday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Citizens Jmp’s price objective would indicate a potential upside of 275.00% from the company’s current price.

A number of other equities analysts have also commented on FRMI. Weiss Ratings assumed coverage on Fermi in a research note on Wednesday, December 24th. They set a “sell (e+)” rating on the stock. Evercore set a $37.00 price target on Fermi and gave the stock an “outperform” rating in a research report on Monday, October 27th. UBS Group started coverage on Fermi in a research note on Monday, October 27th. They issued a “buy” rating and a $30.00 price target for the company. Berenberg Bank started coverage on shares of Fermi in a research note on Monday, October 27th. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Fermi in a research report on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $31.44.

Fermi Stock Up 11.1%

Shares of Fermi stock opened at $8.00 on Monday. The firm has a market cap of $4.91 billion and a PE ratio of -9.52. Fermi has a twelve month low of $7.18 and a twelve month high of $36.99. The business has a 50-day simple moving average of $10.09.

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

Hedge Funds Weigh In On Fermi

Several large investors have recently bought and sold shares of FRMI. Leonteq Securities AG bought a new stake in shares of Fermi during the fourth quarter worth about $30,000. PNC Financial Services Group Inc. acquired a new stake in Fermi during the 4th quarter worth approximately $36,000. Aspect Partners LLC bought a new stake in Fermi during the 4th quarter worth approximately $38,000. SBI Securities Co. Ltd. bought a new stake in Fermi during the 4th quarter worth approximately $41,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in Fermi in the 4th quarter valued at approximately $84,000.

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. 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.