WhiteFiber price target lowered to $38 from $45 at Clear Street

Clear Street lowered the firm’s price target on WhiteFiber (WYFI) to $38 from $45 and keeps a Buy rating on the shares. The firm remains constructive on WhiteFiber following the company’s Q4 results as it continues its transition toward a more contracted, power-backed AI infrastructure model, the analyst tells investors in a research note. WhiteFiber’s near-term results reflect a deliberate repositioning of the cloud segment and some revenue volatility, but Clear Street sees a clearer earnings ramp emerging into the second half of the year and beyond, the firm adds.