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

TeraWulf (NASDAQ:WULF)‘s stock had its “buy” rating reiterated by equities researchers at Rosenblatt Securities in a research note issued to investors on Monday,Benzinga reports. They presently have a $10.00 price target on the stock. Rosenblatt Securities’ price target points to a potential upside of 85.19% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods started coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They issued a “market perform” rating for the company. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. B. Riley boosted their price target on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Needham & Company LLC boosted their price target on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, TeraWulf has a consensus rating of “Buy” and an average target price of $8.64.

TeraWulf Price Performance

WULF opened at $5.40 on Monday. The company’s 50-day moving average is $6.91 and its 200 day moving average is $5.50. TeraWulf has a fifty-two week low of $1.24 and a fifty-two week high of $9.30.

Hedge Funds Weigh In On TeraWulf

Several institutional investors and hedge funds have recently bought and sold shares of WULF. Aspect Partners LLC purchased a new position in TeraWulf during the third quarter valued at approximately $26,000. Amalgamated Bank lifted its holdings in TeraWulf by 57.7% during the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares in the last quarter. FMR LLC lifted 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 worth $37,000 after buying an additional 1,408 shares in the last quarter. KBC Group NV purchased a new position in shares of TeraWulf in the third quarter worth about $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of TeraWulf in the second quarter worth about $44,000. 62.49% of the stock is owned by hedge funds and other 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.