TeraWulf’s (WULF) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of TeraWulf (NASDAQ:WULF) in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a $9.50 price objective on the stock.

A number of other equities research analysts have also commented on WULF. B. Riley upped their price target on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Rosenblatt Securities restated a “buy” rating and set a $10.00 target price on shares of TeraWulf in a research report on Monday. Finally, Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Down 3.7 %

Shares of WULF opened at $5.20 on Monday. TeraWulf has a 12-month low of $1.24 and a 12-month high of $9.30. The business has a 50-day simple moving average of $6.89 and a two-hundred day simple moving average of $5.51.

Institutional Trading of TeraWulf

Several institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Capital Advisors LLC purchased a new stake in shares of TeraWulf in the fourth quarter worth approximately $933,000. JPMorgan Chase & Co. raised its stake in shares of TeraWulf by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company’s stock worth $516,000 after purchasing an additional 4,756 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of TeraWulf by 10.4% in the third quarter. Franklin Resources Inc. now owns 686,219 shares of the company’s stock worth $3,081,000 after purchasing an additional 64,634 shares during the last quarter. Tidal Investments LLC raised 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 worth $4,065,000 after purchasing an additional 810,382 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of TeraWulf during the third quarter valued at approximately $434,000. 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.