WhiteFiber price target raised to $51 from $26 at Clear Street

Clear Street raised the firm’s price target on WhiteFiber (WYFI) to $51 from $26 and keeps a Buy rating on the shares. The firm is citing the positive re-rating across high-performance computing data center peers, driven by reports of accelerating customer demand throughout the segment, the analyst tells investors in a research note. Clear Street believes that shares remain compelling at a 9-times multiple on enterprise value to expected 2028 EBITDA given its outlook for “substantial top-line growth over the next three years”.