TeraWulf (NASDAQ:WULF) Rating Reiterated by B. Riley

TeraWulf (NASDAQ:WULF)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a report issued on Monday, Benzinga reports. They presently have a $6.00 target price on the stock. B. Riley’s target price points to a potential upside of 53.45% from the company’s previous close. B. Riley also issued estimates for TeraWulf’s FY2026 earnings at $0.21 EPS.

Several other brokerages also recently weighed in on WULF. Rosenblatt Securities increased their target price on shares of TeraWulf from $4.20 to $5.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Roth Capital upgraded TeraWulf to a “strong-buy” rating in a research report on Tuesday, July 2nd. Needham & Company LLC initiated coverage on TeraWulf in a research note on Wednesday, September 4th. They set a “buy” rating and a $6.00 price target for the company. Roth Mkm reiterated a “buy” rating and issued a $6.50 target price on shares of TeraWulf in a research note on Monday, July 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of TeraWulf in a research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $5.71.

TeraWulf Price Performance

Shares of WULF opened at $3.91 on Monday. The business’s 50 day moving average is $4.23 and its 200 day moving average is $3.62. TeraWulf has a 12-month low of $0.89 and a 12-month high of $6.51.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $35.57 million during the quarter, compared to analysts’ expectations of $35.73 million. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. As a group, sell-side analysts anticipate that TeraWulf will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CWM LLC grew its position in TeraWulf by 648.4% during the 3rd quarter. CWM LLC now owns 17,850 shares of the company’s stock worth $84,000 after purchasing an additional 15,465 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in TeraWulf in the 2nd quarter worth $353,000. Algert Global LLC acquired a new stake in TeraWulf during the 2nd quarter worth about $102,000. Driehaus Capital Management LLC purchased a new stake in TeraWulf during the 2nd quarter valued at about $9,948,000. Finally, Scientech Research LLC acquired a new position in shares of TeraWulf in the second quarter valued at about $1,040,000. 62.49% of the stock is owned by institutional investors and hedge funds.

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.