TeraWulf (NASDAQ:WULF) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

TeraWulf (NASDAQ:WULF) had its price objective hoisted by research analysts at Needham & Company LLC from $28.00 to $33.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 48.58% from the stock’s previous close.

Several other research analysts have also recently issued reports on WULF. Keefe, Bruyette & Woods increased their price target on TeraWulf from $25.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TeraWulf in a report on Wednesday, June 24th. Citigroup initiated coverage on shares of TeraWulf in a research report on Monday, June 29th. They issued a “buy” rating and a $36.00 target price for the company. Jefferies Financial Group assumed coverage on shares of TeraWulf in a research note on Thursday, May 14th. They set a “buy” rating and a $28.00 target price on the stock. Finally, B. Riley Financial boosted their price target 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $33.93.

TeraWulf Stock Performance

WULF opened at $22.21 on Tuesday. The business’s 50 day moving average is $24.47 and its 200-day moving average is $18.41. The stock has a market cap of $11.01 billion, a PE ratio of -8.96 and a beta of 3.73. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 33.00. TeraWulf has a twelve month low of $4.52 and a twelve month high of $29.84.

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

Insider Buying and Selling

In other TeraWulf news, CEO Paul B. Prager sold 137,500 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $26.60, for a total value of $3,657,500.00. Following the completion of the sale, the chief executive officer directly owned 3,945,052 shares of the company’s stock, valued at approximately $104,938,383.20. This represents a 3.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 valued at $12,221,864 in the last quarter. 15.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WULF. Comerica Bank lifted its position in shares of TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after acquiring an additional 12,370 shares during the last quarter. Millennium Management LLC grew its holdings in shares of TeraWulf by 47.8% in the 1st quarter. Millennium Management LLC now owns 2,456,045 shares of the company’s stock worth $6,705,000 after acquiring an additional 793,832 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of TeraWulf by 5.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company’s stock worth $181,000 after acquiring an additional 2,258 shares during the last quarter. Creative Planning raised its position in shares of TeraWulf by 232.2% during the second quarter. Creative Planning now owns 47,665 shares of the company’s stock worth $209,000 after purchasing an additional 33,317 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of TeraWulf by 10.6% during the second quarter. Franklin Resources Inc. now owns 56,684 shares of the company’s stock worth $248,000 after purchasing an additional 5,432 shares during the period. Institutional investors and hedge funds own 62.49% of the company’s stock.

More 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.