WhiteFiber (WYFI): NC-1 deal a good one, but B. Riley cuts price target on cloud services outlook

Investment bank B. Riley stated that WhiteFiber's (WYFI) first long-term colocation deal at its NC-1 campus with Nscale Global validates the company's execution capabilities and retrofit model. Despite this positive view, B. Riley reiterated its buy rating but trimmed the price target to $40 from $44 to reflect more conservative assumptions regarding Cloud Services. This new target still implies a potential 127% upside from the stock's recent closing price of $17.62, which had fallen over 50% from its high two months prior. Furthermore, B. Riley noted WhiteFiber is nearing closure on a construction facility in early 2026 and believes the stock trades at a discount compared to peers based on 2026 EV/EBITDA estimates.

(Source：CoinDesk)