Rosenblatt Securities Reaffirms “Buy” Rating for TeraWulf (NASDAQ:WULF)

TeraWulf (NASDAQ:WULF)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a report issued on Monday,Benzinga reports. They presently have a $10.00 target price on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 79.53% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. B. Riley raised their target price on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Northland Securities reissued an “outperform” rating and set a $10.00 price objective on shares of TeraWulf in a report on Tuesday, December 24th. Finally, Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $8.64.

TeraWulf Stock Up 7.1 %

Shares of WULF opened at $5.57 on Monday. The firm’s 50 day moving average price is $6.88 and its 200 day moving average price is $5.52. TeraWulf has a twelve month low of $1.24 and a twelve month high of $9.30.

Institutional Investors Weigh In On TeraWulf

Several hedge funds have recently modified their holdings of WULF. Financial Enhancement Group LLC acquired a new position in TeraWulf during the 4th quarter valued at $1,274,000. Rosenberg Matthew Hamilton bought a new stake in shares of TeraWulf in the fourth quarter valued at about $32,000. Harbour Capital Advisors LLC acquired a new stake in TeraWulf during the fourth quarter worth about $933,000. JPMorgan Chase & Co. increased its stake in TeraWulf by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company’s stock valued at $516,000 after acquiring an additional 4,756 shares during the period. Finally, Franklin Resources Inc. increased its stake in TeraWulf by 10.4% during the third quarter. Franklin Resources Inc. now owns 686,219 shares of the company’s stock valued at $3,081,000 after acquiring an additional 64,634 shares during the period. 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.