TeraWulf Inc. (NASDAQ:WULF) Receives $8.64 Average Target Price from Analysts

TeraWulf Inc. (NASDAQ:WULF) has been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $8.64.

WULF has been the topic of a number of recent research reports. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Northland Securities restated an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a report on Monday, January 6th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a report on Monday.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WULF. Aspect Partners LLC purchased a new position in TeraWulf in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton acquired a new stake in TeraWulf in the fourth quarter valued at approximately $32,000. Amalgamated Bank grew its position in TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after acquiring an additional 2,912 shares in the last quarter. FMR LLC grew its position in TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after acquiring an additional 1,408 shares in the last quarter. Finally, KBC Group NV acquired a new stake in TeraWulf in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

NASDAQ:WULF opened at $6.18 on Monday. The company’s 50-day moving average is $6.88 and its two-hundred day moving average is $5.52. TeraWulf has a 12-month low of $1.24 and a 12-month high of $9.30.

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.