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

Cantor Fitzgerald reiterated their overweight rating on shares of TeraWulf (NASDAQ:WULF) in a research report released on Monday,Benzinga reports. Cantor Fitzgerald currently has a $11.00 price objective on the stock.

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

TeraWulf Trading Up 4.5 %

WULF opened at $6.50 on Monday. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30. The stock has a 50-day moving average of $6.98 and a 200 day moving average of $5.47.

Institutional Investors Weigh In On TeraWulf

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings 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 boosted its position in TeraWulf by 6.6% in the 3rd quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock valued at $136,000 after buying an additional 1,700 shares during the period. 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 acquiring an additional 2,912 shares during the period. Victory Capital Management Inc. increased its holdings in 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 3rd quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company’s stock valued at $516,000 after purchasing an additional 4,756 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

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.