Texas Capital Securities Initiates Buy Rating on Fermi with $23 Target
DATA AND AI INFRASTRUCTURE
Texas Capital Securities analyst Derrick Whitfield has initiated coverage on Fermi Inc. (NASDAQ: FRMI) with a Buy rating and a price target of $23. Fermi is developing Project Matador, the largest hybrid energy and data center campus aimed at AI infrastructure.
The company is poised to assist hyperscalers in overcoming data center interconnection challenges through co-location with a behind-the-meter power provider. Fermi's shares closed at $10.13.
Jan 21, 2026, 4:26 PM
