Rosenblatt Securities Issues Positive Forecast for TeraWulf (NASDAQ:WULF) Stock Price

TeraWulf (NASDAQ:WULF) had its price target raised by equities researchers at Rosenblatt Securities from $27.00 to $30.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 35.07% from the stock’s current price.

Several other research analysts have also issued reports on WULF. Sanford C. Bernstein initiated coverage on shares of TeraWulf in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $46.00 target price on the stock. Arete Research started coverage on shares of TeraWulf in a research note on Monday, March 23rd. They issued a “buy” rating and a $30.00 price target for the company. Needham & Company LLC increased their price objective on shares of TeraWulf from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. B. Riley Financial increased their price objective on shares of TeraWulf from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $35.00 target price on shares of TeraWulf in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.93.

TeraWulf Stock Up 4.9%

Shares of NASDAQ WULF opened at $22.21 on Tuesday. The company has a 50 day simple moving average of $24.47 and a 200 day simple moving average of $18.41. The firm has a market cap of $11.01 billion, a PE ratio of -8.96 and a beta of 3.73. TeraWulf has a 1 year low of $4.52 and a 1 year high of $29.84. The company has a debt-to-equity ratio of 33.00, a current ratio of 1.20 and a quick ratio of 1.20.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings results on Friday, May 8th. The company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.82). TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. The company had revenue of $34.01 million during the quarter, compared to the consensus estimate of $34.69 million. During the same quarter last year, the firm posted ($0.16) EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, research analysts forecast that TeraWulf will post -0.96 EPS for the current year.

Insider Activity

In other news, CEO Paul B. Prager sold 166,650 shares of TeraWulf stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total transaction of $4,071,259.50. Following the completion of the transaction, the chief executive officer directly owned 4,249,202 shares in the company, valued at $103,808,004.86. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 520,850 shares of company stock worth $12,221,864 in the last ninety days. 15.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds have recently added to or reduced their stakes in WULF. Kraematon Investment Advisors Inc. increased its holdings in TeraWulf by 2.3% during the 4th quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company’s stock worth $488,000 after purchasing an additional 952 shares in the last quarter. R Squared Ltd lifted its holdings in shares of TeraWulf by 5.0% in the fourth quarter. R Squared Ltd now owns 22,207 shares of the company’s stock valued at $255,000 after purchasing an additional 1,056 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of TeraWulf by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock valued at $724,000 after buying an additional 1,259 shares during the last quarter. IFP Advisors Inc grew its holdings in TeraWulf by 14.5% during the fourth quarter. IFP Advisors Inc now owns 12,378 shares of the company’s stock worth $142,000 after buying an additional 1,563 shares in the last quarter. Finally, Xponance LLC grew its holdings in TeraWulf by 7.7% during the fourth quarter. Xponance LLC now owns 23,928 shares of the company’s stock worth $275,000 after buying an additional 1,713 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

Key TeraWulf News

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf signed a 20-year lease agreement with Anthropic for its Kentucky data center campus, expected to generate about $19 billion in contracted revenue over the initial term. Reuters article on TeraWulf lease deal
• Positive Sentiment: The deal covers roughly 401 MW of capacity at the Justified Data Campus in Hawesville, Kentucky, with first power delivery expected in the second half of 2027, giving the company a clearer path to large-scale AI infrastructure revenue. CNBC article on Anthropic lease
• Positive Sentiment: TeraWulf also announced the sale of a majority interest in its Abernathy joint venture, which should bring in capital to help fund expansion without relying as heavily on dilutive financing. GlobeNewswire press release
• Neutral Sentiment: While the contract is a major win, investors still face execution risk because the new campus will take time to build and scale, and TeraWulf remains a highly leveraged company with a history of weak earnings. Motley Fool article on WULF gains

TeraWulf Company Profile

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.