WhiteFiber price target raised to $28 from $25 at Roth Capital

Roth Capital raised the firm’s price target on WhiteFiber (WYFI) to $28 from $25 and keeps a Buy rating on the shares. The company’s NC-1 site is in advanced talks with multiple high-creditworthy customers, expecting a contract in the coming weeks, and this reinforces the “surging HPC colo demand”, leading to a strategy pivot for MTL-2 while de-risking WhiteFiber overall from GPU pricing/contract duration mismatch concerns, the analyst tells investors in a research note.