TeraWulf Inc. (NASDAQ:WULF) Receives $7.21 Consensus PT from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF) have received an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $7.21.

Several research firms recently issued reports on WULF. Rosenblatt Securities reissued a “buy” rating and issued a $5.00 target price on shares of TeraWulf in a research report on Tuesday, October 8th. Needham & Company LLC lifted 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. Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of TeraWulf in a research report on Thursday, October 3rd. Finally, Northland Securities upped their price target on TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Institutional Investors Weigh In On TeraWulf

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC boosted its stake in shares of TeraWulf by 1,389.8% in the third quarter. Tidal Investments LLC now owns 868,692 shares of the company’s stock valued at $4,065,000 after purchasing an additional 810,382 shares during the period. Virtu Financial LLC acquired a new position in TeraWulf in the 3rd quarter worth $434,000. Geode Capital Management LLC boosted its position in TeraWulf by 12.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock valued at $33,623,000 after buying an additional 820,354 shares during the last quarter. Barclays PLC grew its stake in shares of TeraWulf by 419.7% during the third quarter. Barclays PLC now owns 424,748 shares of the company’s stock valued at $1,989,000 after acquiring an additional 343,016 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of TeraWulf during the third quarter worth about $129,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $6.57 on Friday. The stock’s 50-day moving average price is $5.90 and its two-hundred day moving average price is $4.65. TeraWulf has a 12-month low of $1.16 and a 12-month high of $9.30.

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.