John Todaro, an analyst from Needham, has initiated a new Buy rating on WhiteFiber, Inc. (WYFI).
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John Todaro has given his Buy rating due to a combination of factors that highlight WhiteFiber, Inc.’s promising growth potential. The company’s North Carolina facility is particularly noteworthy for its ultra-low latency and significant capacity for expansion, which positions it as a highly attractive site for future developments. This strategic advantage is further supported by a Letter of Intent for 24 MW, with competitive pricing already negotiated, indicating strong demand and potential for increased revenue.
Moreover, WhiteFiber’s stock valuation appears favorable, trading at a multiple of 6.1 times the projected 2027 EBITDA, with the potential for re-rating to 11 times if the LOI is converted into a finalized lease. The company also boasts a robust pipeline with 601 MW in the near-term HPC segment and an expanding Cloud Segment equipped with thousands of Nvidia GPUs, which is expected to grow significantly by the end of 2026. These elements collectively underscore the company’s strong market position and growth trajectory, justifying the Buy rating.
In another report released today, B.Riley Financial also initiated coverage with a Buy rating on the stock with a $34.00 price target.