TeraWulf’s (WULF) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of TeraWulf (NASDAQ:WULF) in a research report report published on Monday morning,Benzinga reports. They currently have a $11.00 price target on the stock.

Several other research firms have also recently weighed in on WULF. Northland Securities reaffirmed an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. Needham & Company LLC lifted 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a research note on Thursday, December 5th. B. Riley lifted 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. Finally, Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. One equities research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $8.64.

TeraWulf Stock Performance

Shares of WULF stock opened at $5.51 on Monday. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30. The firm’s 50 day moving average is $6.94 and its 200 day moving average is $5.48.

Institutional Investors Weigh In On TeraWulf

A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in shares of TeraWulf by 97.8% during the second quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company’s stock valued at $3,757,000 after buying an additional 417,369 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in TeraWulf during the 2nd quarter valued at $250,000. Principal Financial Group Inc. lifted its stake in shares of TeraWulf by 75.6% during the 2nd quarter. Principal Financial Group Inc. now owns 30,529 shares of the company’s stock worth $136,000 after purchasing an additional 13,142 shares during the last quarter. Rhumbline Advisers boosted its position in TeraWulf by 66.8% during the second quarter. Rhumbline Advisers now owns 299,545 shares of the company’s stock valued at $1,333,000 after purchasing an additional 119,911 shares in the last quarter. Finally, Arizona State Retirement System purchased a new position in TeraWulf in the second quarter valued at about $282,000. 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.