TeraWulf (NASDAQ:WULF) Upgraded to “Strong-Buy” at Atb Cap Markets

Atb Cap Markets upgraded shares of TeraWulf (NASDAQ:WULF) to a strong-buy rating in a research report sent to investors on Sunday,Zacks.com reports.

Several other research analysts also recently commented on WULF. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a research note on Monday. B. Riley upped their price target on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Thursday, December 5th. Needham & Company LLC boosted their target price on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Performance

WULF opened at $6.13 on Friday. TeraWulf has a 1 year low of $1.24 and a 1 year high of $9.30. The stock’s 50 day simple moving average is $6.97 and its 200 day simple moving average is $5.48.

Institutional Investors Weigh In On TeraWulf

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WULF. Point72 Asset Management L.P. purchased a new position in TeraWulf during the second quarter valued at $22,443,000. Hood River Capital Management LLC bought a new position in shares of TeraWulf in the 2nd quarter worth about $20,532,000. Driehaus Capital Management LLC purchased a new position in TeraWulf during the 2nd quarter valued at about $9,948,000. Duquesne Family Office LLC bought a new stake in TeraWulf during the second quarter worth about $9,301,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in TeraWulf in the third quarter worth about $9,489,000. 62.49% of the stock is owned by hedge funds and other 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.