Texas Capital Securities Initiates Buy Rating on Fermi with $23 Target
DATA AND AI INFRASTRUCTURE
Texas Capital Securities has initiated coverage on Fermi Inc. (NASDAQ: FRMI) with a Buy rating and a price target of $23, noting the company's development of Project Matador, the largest hybrid energy and data center campus for AI infrastructure.
The project aims to help hyperscalers address 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
