TeraWulf (NASDAQ:WULF) Receives "Buy" Rating from Rosenblatt Securities

TeraWulf (NASDAQ:WULF - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Rosenblatt Securities in a research report issued on Monday,Benzinga reports. They presently have a $10.00 price target on the stock. Rosenblatt Securities' target price suggests a potential upside of 92.31% from the stock's previous close.

Several other research firms have also weighed in on WULF. Northland Securities reaffirmed an "outperform" rating and set a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They issued a "market perform" rating for the company. Needham & Company LLC upped their target price on shares of TeraWulf from $6.00 to $9.50 and gave the company a "buy" rating in a report on Wednesday, November 13th. B. Riley lifted their price target on TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, TeraWulf has an average rating of "Buy" and an average price target of $8.64.

TeraWulf Stock Performance

Shares of WULF traded down $0.20 during midday trading on Monday, hitting $5.20. The stock had a trading volume of 30,026,542 shares, compared to its average volume of 33,179,809. The company has a 50 day simple moving average of $6.89 and a two-hundred day simple moving average of $5.51. TeraWulf has a twelve month low of $1.24 and a twelve month high of $9.30.

Institutional Trading of TeraWulf

Several large investors have recently modified their holdings of the stock. FMR LLC raised its stake in 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 purchasing an additional 1,408 shares in the last quarter. Chesapeake Capital Corp IL raised its position in shares of TeraWulf by 6.6% in the 3rd quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company's stock valued at $136,000 after buying an additional 1,700 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company's stock worth $35,000 after acquiring an additional 2,912 shares during the period. Victory Capital Management Inc. boosted its position in shares of TeraWulf by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company's stock worth $163,000 after acquiring an additional 4,093 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in TeraWulf by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company's stock valued at $516,000 after acquiring an additional 4,756 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Company Profile

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.