TeraWulf’s (WULF) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of TeraWulf (NASDAQ:WULF) in a research report report published on Monday,Benzinga reports. They currently have a $9.50 price target on the stock.

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

TeraWulf Trading Up 11.0 %

Shares of WULF opened at $6.18 on Monday. The stock has a fifty day moving average price of $6.88 and a 200-day moving average price of $5.52. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30.

Hedge Funds Weigh In On TeraWulf

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Enhancement Group LLC acquired a new position in TeraWulf during the fourth quarter worth $1,274,000. Rosenberg Matthew Hamilton purchased a new stake in TeraWulf in the fourth quarter valued at approximately $32,000. Harbour Capital Advisors LLC acquired a new position in TeraWulf during the fourth quarter worth $933,000. JPMorgan Chase & Co. boosted its holdings in TeraWulf by 4.5% during the 3rd 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. boosted its stake in shares of TeraWulf by 10.4% in the third quarter. Franklin Resources Inc. now owns 686,219 shares of the company’s stock valued at $3,081,000 after purchasing an additional 64,634 shares during the period. 62.49% of the stock is owned by hedge funds and other institutional investors.

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.