B. Riley analyst Nick Giles raised the firm’s price target on WhiteFiber (WYFI) to $44 from $34 and keeps a Buy rating on the shares. Estimates and valuations for high performance computing-focused companies have been updated, lifting price targets by an average of 78% and 2026 forecasts by 5%, the analyst tells investors in a research note. Despite recent pullbacks, shares remain up sharply since midyear, supported by strong AI-related power and data center demand, with new deals, such as Google and Anthropic’s reported cloud partnership, potentially adding further upside, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WYFI:
- WhiteFiber price target raised to $44 from $34 at B. Riley
- Crypto Currents: Coinbase makes investment in CoinDCX
- Crypto Currents: Miners surge after Aligned Data Centers megadeal
- Roth believes entire sector stands to benefit from Aligned Data Centers deal
- Bit Digital reports September treasury/staking metrics
