WhiteFiber (NASDAQ:WYFI) Trading 8.8% Higher After Analyst Upgrade

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report)'s stock price shot up 8.8% during trading on Monday after Macquarie raised their price target on the stock from $28.00 to $32.00. Macquarie currently has an outperform rating on the stock. WhiteFiber traded as high as $24.94 and last traded at $24.85. 225,956 shares were traded during trading, a decline of 80% from the average session volume of 1,134,726 shares. The stock had previously closed at $22.83.WYFI has been the topic of a number of other reports. B. Riley assumed coverage on shares of WhiteFiber in a research report on Tuesday, September 2nd. They set a "buy" rating and a $34.00 price target on the stock. Wall Street Zen lowered shares of WhiteFiber from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Roth Capital raised their target price on shares of WhiteFiber from $25.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Needham & Company LLC reissued a "buy" rating and issued a $34.00 target price on shares of WhiteFiber in a report on Thursday, September 18th. Finally, Zacks Research raised shares of WhiteFiber to a "hold" rating in a report on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.60.View Our Latest Stock Analysis on WhiteFiberWhiteFiber Stock PerformanceWhiteFiber Company Profile (Get Free Report)We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”).Featured ArticlesFive stocks we like better than WhiteFiberThe Significance of Brokerage Rankings in Stock Selection3 Emerging Stocks You Haven't Heard Much From This CycleWhat Does a Stock Split Mean? Costco Investors Will Get A “Special” Treat For ChristmasWhat is the S&P/TSX Index?3 Ways to Test the Crypto Market Without Owning BitcoinThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in WhiteFiber Right Now?Before you consider WhiteFiber, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WhiteFiber wasn't on the list.While WhiteFiber currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here