- FRMI -2.18%
Fermi Inc. (NASDAQ:FRMI) is among the best US stocks to buy under $20. As of November 26, Fermi Inc. (NASDAQ:FRMI) is a consensus Buy with all the analysts covering it assigning a Buy or equivalent rating. With a consensus 1-year median price target of $32, the stock has an upside of over 102%.
On November 12, Cantor Fitzgerald reaffirmed an ‘Overweight’ rating on Fermi Inc. (NASDAQ:FRMI), with an unchanged price target of $33. This potential upside of about 108% is attributed to the company’s huge data center development in Texas.
Jim Cramer Calls Fermi Inc (FRMI) A "Fascinating" Deal The company’s 5,200-acre campus in Amarillo, Texas, is poised to become the largest artificial intelligence data center campus in the United States if executed well, the firm highlighted. By 2038, this site is anticipated to deliver 11 GW of tenant-direct power, along with nearly 15 million square feet of data center shells, Cantor Fitzgerald added.
What’s even more interesting is that Fermi Inc. (NASDAQ:FRMI) is well-positioned to achieve approximately 1.1 GW in new power by the end of 2026, which the research firm believes is unmatched.
On the same day, Nicholas Amicucci, an analyst at Evercore ISI, reiterated the ‘Buy’ rating on Fermi Inc. (NASDAQ:FRMI), while keeping a price target of $37. This price target implies a potential surge of about 134% from the current price level.
Fermi Inc. (NASDAQ:FRMI) is a Texas-based energy and hyperscaler development company specializing in infrastructure for the development of AI. Founded in January 2025, the company is focused on “powering the AI needs of tomorrow.”
While we acknowledge the potential of FRMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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