WhiteFiber shares surged 18% on August 12 following major data center and cloud expansion announcements. Multiple analysts subsequently upgraded the stock, citing the company's execution in the artificial intelligence cloud infrastructure space.
On August 13, Cantor Fitzgerald raised its rating from Neutral to Overweight. The firm increased its price target to $36 from $27. Needham also reiterated a Buy rating and established a $38 price target.
The upgrades follow the disclosure of four new contracts valued at $540 million. These agreements include the deployment of 576 NVIDIA VR200 GPUs. Market experts suggest these actions reflect a sustained positive outlook on the company's competitive positioning.