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

TeraWulf (NASDAQ:WULF) had its target price increased by B. Riley from $8.00 to $10.00 in a report published on Thursday,Benzinga reports. B. Riley currently has a buy rating on the stock.

WULF has been the subject of several other research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a research report on Wednesday, December 4th. Northland Securities upped their price objective on TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Needham & Company LLC lifted their target price on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a report on Thursday, December 5th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, TeraWulf has a consensus rating of “Buy” and a consensus price target of $8.64.

TeraWulf Stock Up 1.8 %

NASDAQ WULF opened at $6.61 on Thursday. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30. The company has a 50-day moving average of $6.95 and a 200-day moving average of $5.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WULF. Charles Schwab Investment Management Inc. increased its stake in TeraWulf by 258.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after buying an additional 1,704,013 shares during the period. Intech Investment Management LLC purchased a new stake in shares of TeraWulf during the third quarter worth about $340,000. Bank of New York Mellon Corp lifted its stake in shares of TeraWulf by 97.8% in the second quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company’s stock worth $3,757,000 after acquiring an additional 417,369 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in TeraWulf in the second quarter valued at about $1,095,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in TeraWulf by 43.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 656,520 shares of the company’s stock valued at $3,073,000 after purchasing an additional 199,345 shares in the last quarter. Institutional investors and hedge funds 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.