TeraWulf (NASDAQ:WULF) Stock Price Expected to Rise, B. Riley Analyst Says

TeraWulf (NASDAQ:WULF) had its price objective boosted by research analysts at B. Riley from $8.00 to $10.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 51.29% from the stock’s current price.

WULF has been the topic of a number of other research reports. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a report on Wednesday, December 4th. Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. 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. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Thursday, December 5th. Finally, Needham & Company LLC upped their target price on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TeraWulf currently has an average rating of “Buy” and an average target price of $8.64.

TeraWulf Stock Performance

NASDAQ:WULF opened at $6.61 on Thursday. The stock’s 50 day moving average price is $6.95 and its 200 day moving average price is $5.28. TeraWulf has a 52 week low of $1.24 and a 52 week high of $9.30.

Institutional Trading of TeraWulf

A number of hedge funds have recently bought and sold shares of WULF. Point72 Asset Management L.P. bought a new stake in shares of TeraWulf in the second quarter valued at about $22,443,000. Hood River Capital Management LLC bought a new stake in shares of TeraWulf in the 2nd quarter worth approximately $20,532,000. Driehaus Capital Management LLC bought a new stake in shares of TeraWulf in the 2nd quarter worth approximately $9,948,000. Duquesne Family Office LLC acquired a new stake in shares of TeraWulf during the 2nd quarter worth approximately $9,301,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of TeraWulf during the third quarter valued at approximately $9,489,000. 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.