TeraWulf (NASDAQ:WULF) Price Target Raised to $10.00

TeraWulf (NASDAQ:WULF) had its price objective hoisted by B. Riley from $8.00 to $10.00 in a research note released on Thursday morning,Benzinga reports. B. Riley currently has a buy rating on the stock.

WULF has been the subject of a number of other research reports. Needham & Company LLC increased their price target on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, November 13th. Northland Securities lifted their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a report on Wednesday, December 4th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, TeraWulf has an average rating of “Buy” and a consensus price target of $8.64.

TeraWulf Trading Up 1.8 %

NASDAQ:WULF opened at $6.61 on Thursday. TeraWulf has a 1 year low of $1.24 and a 1 year high of $9.30. The stock has a fifty day moving average price of $6.95 and a two-hundred day moving average price of $5.28.

Institutional Trading of TeraWulf

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC raised its stake in 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. Chesapeake Capital Corp IL grew its holdings in shares of TeraWulf by 6.6% during the third quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock worth $136,000 after buying an additional 1,700 shares in the last quarter. Amalgamated Bank raised its position in shares of 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 buying an additional 2,912 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of TeraWulf by 13.3% in the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after buying an additional 4,093 shares during the last quarter. Finally, Aspect Partners LLC purchased a new position in shares of TeraWulf during the third quarter valued at approximately $26,000. 62.49% of the stock is currently 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.