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

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

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

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $7.18 on Wednesday. The firm has a fifty day simple moving average of $5.42 and a two-hundred day simple moving average of $4.35. TeraWulf has a 52 week low of $1.01 and a 52 week high of $9.30.

Institutional Trading of TeraWulf

Large investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in TeraWulf during the 2nd quarter valued at $22,443,000. Hood River Capital Management LLC bought a new stake in shares of TeraWulf in the second quarter valued at about $20,532,000. Driehaus Capital Management LLC purchased a new stake in TeraWulf in the second quarter worth about $9,948,000. Duquesne Family Office LLC bought a new position in TeraWulf during the 2nd quarter worth about $9,301,000. Finally, Zweig DiMenna Associates LLC bought a new position in TeraWulf during the 3rd quarter worth about $9,489,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

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.