B. Riley Lowers WhiteFiber Price Target to $40 Amid Analyst Insights
Research analysts at B. Riley have revised their price target for WhiteFiber (NASDAQ:WYFI) from $44.00 to $40.00. This adjustment, detailed in a note issued on November 15, indicates a potential upside of approximately 134.88% based on the stock’s current price. B. Riley maintains a “buy” rating on WhiteFiber, highlighting the firm’s ongoing confidence in the company’s prospects.
WhiteFiber’s performance has recently attracted attention from multiple analysts. On November 13, Weiss Ratings reiterated a “sell (d)” rating for the stock, while JMP Securities established a price target of $37.00. Additionally, Citigroup initiated coverage with an “outperform” rating on the same day.
In contrast, UBS Group set a significantly higher price target of $51.00 on October 6. Meanwhile, Needham & Company LLC lowered their price objective from $45.00 to $38.00 while also maintaining a “buy” rating. Collectively, nine analysts currently rate WhiteFiber as a “buy,” one has a “hold” rating, and one has issued a “sell” rating, according to data from MarketBeat.
Recent Earnings and Revenue Performance
WhiteFiber disclosed its quarterly earnings on November 13, reporting a loss of ($0.47) per share. This figure fell short of analysts’ expectations, which anticipated a loss of ($0.12) per share, marking a significant miss of ($0.35). The company generated revenues of $20.18 million for the quarter, which was below the consensus estimate of $21.18 million, although it represented a year-over-year revenue increase of 64.2%.
Institutional Investment Activity
In recent weeks, several institutional investors have adjusted their stakes in WhiteFiber. Monashee Investment Management LLC acquired a new position valued at $9,645,000 during the third quarter, while Marshall Wace LLP added a stake worth approximately $9,105,000. Other notable investments include Wasatch Advisors LP with an acquisition valued at around $8,382,000, and Clearfield Capital Management LP, which invested about $6,778,000. Vanguard Group Inc. also took a new position valued at approximately $6,563,000.
As the market continues to evaluate WhiteFiber’s performance, the company, known for its role in providing artificial intelligence infrastructure solutions, remains a focal point for investors. With its high-performance computing data centers and cloud services for AI and machine learning applications, WhiteFiber aims to leverage its technological capabilities to drive future growth.
For those interested in staying updated on WhiteFiber’s developments, MarketBeat offers a daily summary of news and analyst ratings, ensuring that investors have access to the latest insights and evaluations.
