TeraWulf’s (WULF) “Buy” Rating Reaffirmed at Rosenblatt Securities

TeraWulf (NASDAQ:WULF)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $10.00 price target on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 85.19% from the stock’s previous close.

WULF has been the subject of several other research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a research report on Monday, January 6th. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Keefe, Bruyette & Woods started coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating on the stock. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Needham & Company LLC raised their price target on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Trading Down 2.0 %

NASDAQ WULF opened at $5.40 on Monday. TeraWulf has a 52 week low of $1.24 and a 52 week high of $9.30. The firm has a 50 day moving average of $6.91 and a two-hundred day moving average of $5.50.

Institutional Investors Weigh In On TeraWulf

Hedge funds have recently modified their holdings of the business. Aspect Partners LLC acquired a new position in shares of TeraWulf in the third quarter valued at $26,000. FMR LLC increased its stake in shares of TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after buying an additional 1,408 shares in the last quarter. Amalgamated Bank increased its stake in shares of TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after buying an additional 2,912 shares in the last quarter. KBC Group NV bought a new position in TeraWulf in the third quarter valued at about $39,000. Finally, Pekin Hardy Strauss Inc. bought a new position in TeraWulf in the second quarter valued at about $44,000. 62.49% of the stock is owned by institutional investors.

About TeraWulf

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.