TeraWulf (NASDAQ:WULF) Price Target Raised to $10.00 at Northland Securities

TeraWulf (NASDAQ:WULF) had its target price lifted by Northland Securities from $8.00 to $10.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $5.00 price objective on shares of TeraWulf in a research report on Tuesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of TeraWulf in a report on Thursday, October 3rd. B. Riley reaffirmed a “buy” rating and issued a $6.00 target price on shares of TeraWulf in a report on Monday, October 7th. Needham & Company LLC initiated coverage on shares of TeraWulf in a report on Wednesday, September 4th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $7.21.

TeraWulf Price Performance

Shares of WULF stock opened at $7.18 on Wednesday. TeraWulf has a 1 year low of $1.01 and a 1 year high of $9.30. The firm has a fifty day moving average price of $5.49 and a 200-day moving average price of $4.40.

Institutional Trading of TeraWulf

Hedge funds have recently bought and sold shares of the stock. Aspect Partners LLC purchased a new stake in shares of TeraWulf during the 3rd quarter valued at about $26,000. FMR LLC raised its position in shares of TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after buying an additional 1,408 shares in the last quarter. Amalgamated Bank raised its position in TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after purchasing an additional 2,912 shares during the period. KBC Group NV purchased a new stake in TeraWulf in the 3rd quarter worth about $39,000. Finally, ARS Investment Partners LLC purchased a new stake in TeraWulf in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

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.