TeraWulf’s (WULF) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of TeraWulf (NASDAQ:WULF) in a report published on Monday morning,Benzinga reports. Rosenblatt Securities currently has a $10.00 price objective on the stock.

Other equities analysts have also issued research reports about the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a research note on Monday, January 6th. B. Riley lifted their target price on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. Finally, Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Performance

TeraWulf stock opened at $6.18 on Monday. TeraWulf has a one year low of $1.24 and a one year high of $9.30. The stock’s fifty day moving average price is $6.88 and its two-hundred day moving average price is $5.52.

Institutional Investors Weigh In On TeraWulf

A number of hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased 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 acquiring an additional 1,408 shares in the last quarter. Chesapeake Capital Corp IL grew its holdings in shares of TeraWulf by 6.6% in the third quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock valued at $136,000 after acquiring an additional 1,700 shares in the last quarter. 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 valued at $35,000 after acquiring an additional 2,912 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of TeraWulf by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock worth $163,000 after purchasing an additional 4,093 shares during the period. Finally, JPMorgan Chase & Co. raised its position in TeraWulf by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company’s stock worth $516,000 after acquiring an additional 4,756 shares during the period. Institutional investors and hedge funds own 62.49% of the company’s stock.

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.