Analysts Set TeraWulf Inc. (NASDAQ:WULF) Target Price at $8.64

Shares of TeraWulf Inc. (NASDAQ:WULF) have been given a consensus recommendation of “Buy” by the ten brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $8.64.

A number of equities research analysts have recently weighed in on the stock. B. Riley raised their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They set a “market perform” rating on the stock. Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of TeraWulf in a research note on Monday, January 13th.

Institutional Trading of TeraWulf

A number of institutional investors have recently made changes to their positions in the stock. Aspect Partners LLC bought a new position in shares of TeraWulf during the third quarter valued at $26,000. Rosenberg Matthew Hamilton bought a new stake in TeraWulf in the 4th quarter worth about $32,000. FMR LLC increased its holdings in TeraWulf by 22.0% in the 3rd 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 bought a new stake in TeraWulf during the third quarter valued at approximately $39,000. Finally, Hodges Capital Management Inc. purchased a new stake in shares of TeraWulf in the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Down 2.3 %

NASDAQ:WULF opened at $5.03 on Friday. TeraWulf has a 52 week low of $1.57 and a 52 week high of $9.30. The firm’s 50-day simple moving average is $6.15 and its 200 day simple moving average is $5.52.

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.