WhiteFiber price target lowered to $30 from $37 at Roth Capital

Roth Capital lowered the firm’s price target on WhiteFiber (WYFI) to $30 from $37 and keeps a Buy rating on the shares following Q4 results. The firm cited revised timelines and AIC reductions for the price target cut. The real story remains NC-1, where the offtaker was identified as a hyperscaler, which improves WhiteFiber’s ability to enhance its financial flexibility and terms, which Roth Capital would view as a positive even though it means project financing is now a Q2 event, the firm told investors in a research note.