TeraWulf Inc. (NASDAQ:WULF) Receives $8.07 Consensus PT from Analysts

TeraWulf Inc. (NASDAQ:WULF) has been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $8.64.

WULF has been the subject of a number of recent research reports. 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 downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research note on Wednesday, December 4th. Northland Securities reiterated an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a research note on Tuesday. Finally, B. Riley increased their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 19th.

TeraWulf Price Performance

Shares of WULF stock opened at $6.23 on Thursday. The firm has a 50 day moving average of $7.03 and a two-hundred day moving average of $5.36. TeraWulf has a 52 week low of $1.24 and a 52 week high of $9.30.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Aspect Partners LLC purchased a new stake in TeraWulf in the third quarter valued at $26,000. Amalgamated Bank increased its position in shares of TeraWulf by 57.7% during the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after purchasing an additional 2,912 shares in the last quarter. FMR LLC lifted its holdings in shares of TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares during the last quarter. KBC Group NV acquired a new stake in shares of TeraWulf in the 3rd quarter valued at about $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in TeraWulf during the 2nd quarter worth approximately $44,000. 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.