WhiteFiber price target lowered to $36 from $40 at B. Riley

B. Riley lowered the firm’s price target on WhiteFiber (WYFI) to $36 from $40 and keeps a Buy rating on the shares. Estimates for WhiteFiber have been revised to reflect the NC-1 revenue ramp beginning in June and a 1H26 cloud revenue trough followed by 2H acceleration, lowering 1Q26 and FY26 adjusted EBITDA forecasts, the analyst tells investors in a research note. Key catalysts include successful NC-1 execution, favorable project financing, a new large-scale site announcement, and potential hyperscaler agreements, with shares viewed as an attractive buy-the-dip opportunity.