TeraWulf Inc. (NASDAQ:WULF) Receives $8.64 Consensus PT from Analysts

TeraWulf Inc. (NASDAQ:WULF) has been given a consensus rating of “Buy” by the ten brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $8.64.

Several analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Monday. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Northland Securities restated an “outperform” rating and set a $10.00 price objective on shares of TeraWulf in a research report on Tuesday, December 24th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $9.50 price objective on shares of TeraWulf in a research report on Monday.

TeraWulf Trading Up 11.0 %

WULF stock opened at $6.18 on Monday. The company has a fifty day moving average price of $6.88 and a 200 day moving average price of $5.52. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30.

Hedge Funds Weigh In On TeraWulf

Institutional investors and hedge funds have recently made changes to their positions in the stock. Aspect Partners LLC acquired a new position in shares of TeraWulf during the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton acquired a new stake in TeraWulf in the 4th quarter valued at about $32,000. FMR LLC grew its stake in TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after acquiring an additional 1,408 shares during the last quarter. Amalgamated Bank grew its stake in TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after acquiring an additional 2,912 shares during the last quarter. Finally, KBC Group NV acquired a new stake in TeraWulf in the 3rd quarter valued at about $39,000. 62.49% of the stock is owned by institutional investors and hedge funds.

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.