Cantor Fitzgerald Reaffirms “Overweight” Rating for TeraWulf (NASDAQ:WULF)

TeraWulf (NASDAQ:WULF)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a note issued to investors on Monday,Benzinga reports. They presently have a $11.00 price target on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 79.45% from the stock’s current price.

A number of other equities research analysts also recently weighed in on WULF. B. Riley raised their price target on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a report on Thursday, December 5th. Northland Securities restated an “outperform” rating and set a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. Finally, Needham & Company LLC boosted their target price on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TeraWulf has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $6.13 on Monday. The firm has a fifty day moving average of $6.97 and a two-hundred day moving average of $5.48. TeraWulf has a 12-month low of $1.24 and a 12-month high of $9.30.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Aspect Partners LLC bought a new position in TeraWulf in the third quarter valued at approximately $26,000. Amalgamated Bank grew its stake 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 during the period. FMR LLC raised its position in shares of TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after purchasing an additional 1,408 shares during the period. KBC Group NV bought a new position in shares of TeraWulf during the 3rd quarter valued at about $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of TeraWulf in the 2nd quarter valued at approximately $44,000. 62.49% of the stock is currently owned by 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.