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

TeraWulf (NASDAQ:WULF) had its price target hoisted by Northland Securities from $8.00 to $10.00 in a research note published on Wednesday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. B. Riley reiterated a “buy” rating and set a $6.00 target price on shares of TeraWulf in a research note on Monday, October 7th. Needham & Company LLC began coverage on TeraWulf in a report on Wednesday, September 4th. They issued a “buy” rating and a $6.00 target price on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $5.00 target price on shares of TeraWulf in a research report on Tuesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of TeraWulf in a research report on Thursday, October 3rd. Finally, Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Seven investment 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, the company currently has an average rating of “Buy” and a consensus price target of $7.21.

TeraWulf Stock Up 3.4 %

Shares of NASDAQ WULF opened at $7.18 on Wednesday. The firm’s 50-day moving average price is $5.42 and its 200-day moving average price is $4.35. TeraWulf has a 52-week low of $1.01 and a 52-week high of $9.30.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds have recently made changes to their positions in the business. FMR LLC boosted its stake in TeraWulf by 22.0% in the 3rd 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. Chesapeake Capital Corp IL lifted 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 worth $136,000 after buying an additional 1,700 shares in the last quarter. Amalgamated Bank grew its stake in 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 in the last quarter. Victory Capital Management Inc. increased its holdings in TeraWulf by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after acquiring an additional 4,093 shares during the last quarter. Finally, Aspect Partners LLC purchased a new stake in TeraWulf in the 3rd quarter worth $26,000. Institutional investors 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.