The 8 Wall Street analysts covering Fermi, Inc. hold a median 12-month price target of $14 — +327.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 1 of 100 as at 14 Oct 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.
Consensus tells you what everyone already believes. The model scores Fermi, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Revisions (39): Analysts have, on balance, been raising their forecasts.
Quality (1): Profits are thin or unreliable for the size of the business, or they are not turning into cash.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on FRMI, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +327.2% from it.
Of the 20 most recent actions, 0 moved their price target up and 3 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 14 Oct 2026 | Macquarie | Maintains | Outperform | $15 |
| 14 Aug 2026 | Macquarie | Maintains | Outperform | $18 → $15 |
| 13 Aug 2026 | Macquarie | Maintains | Outperform | $18 |
| 28 July 2026 | Mizuho | Maintains | Outperform | $27 → $11 |
| 28 July 2026 | Mizuho | Maintains | Outperform | — |
| 23 June 2026 | Stifel | Maintains | Buy | $29 → $17 |
| 23 June 2026 | Stifel | Maintains | Buy | — |
| 15 May 2026 | Evercore ISI Group | Downgrade | In-Line | — |
| 20 Apr 2026 | Macquarie | Maintains | Outperform | — |
| 1 Apr 2026 | Macquarie | Maintains | Outperform | — |
| 1 Apr 2026 | UBS | Maintains | Buy | — |
| 9 Feb 2026 | Citizens | Initiates | Market Outperform | — |
| 9 Feb 2026 | Macquarie | Maintains | Outperform | — |
| 12 Nov 2025 | Macquarie | Maintains | Outperform | — |
| 27 Oct 2025 | Berenberg | Initiates | Buy | — |
| 27 Oct 2025 | Cantor Fitzgerald | Initiates | Overweight | — |
| 27 Oct 2025 | Macquarie | Initiates | Outperform | — |
| 27 Oct 2025 | Mizuho | Initiates | Outperform | — |
| 27 Oct 2025 | Rothschild & Co | Initiates | Buy | — |
| 27 Oct 2025 | Stifel | Initiates | Buy | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. FRMI appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 14 Oct 2026, Fermi, Inc. returned −89.3% against +17.5% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 87% of US stocks
Cheaper than 44% of US stocks
Cheaper than 88% of US stocks
Higher than 32% of US stocks
Higher than 30% of US stocks
Higher than 22% of US stocks
Higher than 11% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Fermi, Inc. has a market value of $2.0B and an enterprise value of $2.5B.
Revenue in the twelve months to 30 June 2026: $0.0.
Net income over the same four quarters: −$694.5M.
Free cash flow in the twelve months to 30 June 2026: −$1.2B.
Trailing P/E: −2.8×; forward P/E: 24.3× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
Fermi, Inc. employs 35 people.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
| Company | Market cap | TKN rank |
|---|---|---|
| FRMIFermi, Inc. | $2.0B | 1 |
| UNITUniti Group, Inc. | $1.4B | 29 |
| OPENOpendoor Technologies, Inc.* | $1.9B | 8 |
| NMRKNewmark Group, Inc.* | $2.1B | 81 |
| CCSCentury Communities, Inc.* | $1.5B | 36 |
| CWKCushman & Wakefield Ltd.* | $2.6B | 52 |
| IHSIHS Holding Ltd.* | $2.8B | 75 |
* Nearest Real Estate names by size — few reit - specialty companies of this scale trade in the US universe.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Fermi, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
The article compares four companies betting on the AI data center boom, noting that their paydays are expected on different timelines and their risks vary.
Why it matters — The item offers context on AI data center companies, but the excerpt does not identify Fermi or state its position among them.
Fermi shares surged 14% on Oct. 13 after AMD provided credit support for the company's 222 MW lease for Project Matador. The excerpt describes this as a sign of financing momentum, while noting that full funding hurdles remain.
Why it matters — AMD's support may help advance financing for Fermi's AI campus infrastructure, but the project still faces funding hurdles.
Benzinga’s headline lists Fermi among stocks moving higher on Tuesday. The excerpt says U.S. stocks were mostly lower, with the Dow Jones index falling around 100 points.
Why it matters — The item places FRMI among stocks moving higher during a broadly weaker U.S. market session.
Fermi said it signed a credit support agreement with AMD for a lease supporting phase one of its Project Matador energy and AI buildout in Carson County, Texas. The phase-one lease is for 222 MW of gross power capacity, and Fermi described the agreement as a milestone toward securing project financing.
Why it matters — FRMI watchers may track the agreement as a step toward financing the planned first phase of Project Matador.
Fermi announced that it plans to release its third quarter 2026 financial results at 7 a.m. Eastern Time on November 12, 2026, and host an earnings call that day.
Why it matters — FRMI watchers can note the date and time when the company plans to report results and discuss them on a call.
The 8 Wall Street analysts covering Fermi, Inc. have a median 12-month price target of $14, with estimates ranging from $6 to $35. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 8 analysts covering Fermi, Inc., 6 rate it a Buy, 2 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Fermi, Inc. 1 out of 100 across roughly 4,600 US stocks as at 14 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 14 Oct 2026, Fermi, Inc. ranks 1 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (39 of 100).
No one can know that. What the data says: the median 12-month target from 8 analysts implies +327.2% from the last close, and Ticker Nerd's factor model ranks Fermi, Inc. 1 out of 100 as at 14 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Fermi, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FRMI are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $6 to $35 over the next 12 months.
Fermi, Inc. returned -89.3% over the 12 months to 14 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Fermi Inc. is an advanced energy and hyperscale infrastructure company focused on building private electric grids and integrated power campuses for artificial intelligence workloads.
The most recent item we track (24/7 Wall Street, 14 Oct 2026): "The AI Data Center Race Heats Up: Three Winners Getting Paid Now, One Waiting for Next Year". The article compares four companies betting on the AI data center boom, noting that their paydays are expected on different timelines and their risks vary.
Fermi Inc. is an advanced energy and hyperscale infrastructure company focused on building private electric grids and integrated power campuses for artificial intelligence workloads. The company develops large-scale energy and data center environments designed to supply highly redundant, on-demand power for compute-intensive operations. Its current work centers on Project Matador, a major campus in the Texas Panhandle that combines power generation, grid infrastructure, and AI-ready facilities to support modern digital workloads. Fermi Inc. serves the growing intersection of energy, data centers, and AI infrastructure, positioning itself as a specialist in behind-the-meter power solutions and large-format development for hyperscale users. Headquartered in Amarillo, Texas, Fermi Inc. operates as a development-stage business in the specialty real estate and data center infrastructure market.
CEO Mr. Lee Alan McIntire · 35 employees · United States · https://www.fermiamerica.com
