Core Viewpoint - Fermi Inc. (NASDAQ:FRMI) is identified as a strong investment opportunity under $20, with a consensus Buy rating from analysts and a significant upside potential of over 102% based on a median price target of $32 [1]. Group 1: Analyst Ratings and Price Targets - Cantor Fitzgerald reaffirmed an 'Overweight' rating for Fermi Inc. with a price target of $33, indicating a potential upside of about 108% due to the company's extensive data center development in Texas [2]. - Evercore ISI analyst Nicholas Amicucci reiterated a 'Buy' rating with a price target of $37, suggesting a potential surge of approximately 134% from the current price level [4]. Group 2: Company Developments and Infrastructure - Fermi Inc. is developing a 5,200-acre campus in Amarillo, Texas, which is expected to become the largest artificial intelligence data center campus in the U.S., with plans to deliver 11 GW of tenant-direct power and nearly 15 million square feet of data center shells by 2038 [3]. - The company is well-positioned to achieve around 1.1 GW in new power by the end of 2026, which is considered unmatched in the industry [4]. Group 3: Company Overview - Fermi Inc. is a Texas-based energy and hyperscaler development company focused on infrastructure for AI development, founded in January 2025, and aims to meet the power needs of future AI applications [5].
Why Analysts Say Fermi Inc. (FRMI) Is a Buy