TeraWulf (NASDAQ:WULF) Price Target Cut to $47.00 by Analysts at Morgan Stanley

Key Points

• Morgan Stanley cut TeraWulf’s price target from $65 to $47 but maintained its Overweight rating; the new target implies 287.88% upside from the price cited in the report.
• Several other brokerages also lowered their targets, though most retained Buy or Outperform ratings. Analysts’ consensus rating is Moderate Buy, with an average target of $28.48.
• TeraWulf shares fell 2.1% to $12.12 on Tuesday. Its latest quarter beat estimates, with EPS of -$0.03 versus -$0.18 expected and revenue up 50.7% year over year to $76.23 million.

TeraWulf (NASDAQ:WULF - Get Free Report) had its price target cut by stock analysts at Morgan Stanley from $65.00 to $47.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price objective would indicate a potential upside of 287.88% from the company's current price.

A number of other brokerages have also recently commented on WULF. Sanford C. Bernstein cut their target price on shares of TeraWulf from $36.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, November 4th. Needham & Company LLC decreased their price target on shares of TeraWulf from $33.00 to $25.00 and set a "buy" rating for the company in a research note on Monday. B. Riley Financial lowered their price objective on shares of TeraWulf from $40.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. Rosenblatt Securities dropped their price objective on shares of TeraWulf from $30.00 to $20.00 and set a "buy" rating on the stock in a research note on Monday. Finally, UBS Group assumed coverage on shares of TeraWulf in a report on Wednesday, September 23rd. They issued a "buy" rating and a $24.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.48.

TeraWulf Stock Down 2.1%

TeraWulf stock traded down $0.26 during trading on Tuesday, reaching $12.12. The stock had a trading volume of 26,967,830 shares, compared to its average volume of 33,410,418. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. TeraWulf has a 52-week low of $9.51 and a 52-week high of $29.84. The stock has a market cap of $6.05 billion, a PE ratio of -3.74 and a beta of 4.00. The business has a 50 day moving average price of $14.15 and a 200 day moving average price of $17.94.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Friday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.15. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The business had revenue of $76.23 million during the quarter, compared to analysts' expectations of $62.49 million. During the same period in the previous year, the company earned ($1.13) EPS. The company's revenue for the quarter was up 50.7% on a year-over-year basis. On average, analysts predict that TeraWulf will post -1.09 EPS for the current year.

Insiders Place Their Bets

In other TeraWulf news, Director Michael C. Bucella acquired 6,085 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average price of $14.79 per share, with a total value of $89,997.15. Following the completion of the acquisition, the director directly owned 350,789 shares of the company's stock, valued at approximately $5,188,169.31. The trade was a 1.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Walter E. Carter sold 130,626 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $15.14, for a total value of $1,977,677.64. Following the completion of the transaction, the director owned 229,090 shares of the company's stock, valued at $3,468,422.60. The trade was a 36.31% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have acquired 11,968 shares of company stock worth $189,962. Company insiders own 15.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WULF. BlackRock Inc. purchased a new stake in shares of TeraWulf during the 2nd quarter worth approximately $577,805,000. Bank of America Corp DE raised its holdings in TeraWulf by 9.2% during the first quarter. Bank of America Corp DE now owns 5,777,458 shares of the company's stock worth $83,369,000 after purchasing an additional 488,184 shares during the last quarter. Jennison Associates LLC acquired a new position in TeraWulf during the first quarter worth $53,418,000. Engle Capital Management L.P. raised its holdings in TeraWulf by 574.3% during the first quarter. Engle Capital Management L.P. now owns 2,950,100 shares of the company's stock worth $42,570,000 after purchasing an additional 2,512,600 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in TeraWulf by 325.9% during the third quarter. Assenagon Asset Management S.A. now owns 2,845,156 shares of the company's stock worth $42,108,000 after purchasing an additional 2,177,134 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Key TeraWulf News

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf is targeting $700 million in annualized lease revenue by Q1 2027 as it expands AI infrastructure. Its earnings-call discussion also cited Google credit support and disciplined funding plans, which could help address investor concerns about financing growth. Zacks earnings-call highlights
• Neutral Sentiment: Wells Fargo cut its price target from $30 to $22 but maintained an Overweight rating. Rosenblatt lowered its target from $30 to $20, and Needham cut its target from $33 to $25; both retained Buy ratings. The target reductions may weigh on sentiment, while the continued positive ratings signal that the firms still see upside. Wells Fargo price-target report
• Neutral Sentiment: A report said Core Scientific and TeraWulf posted $1.89 billion in combined third-quarter profit, driven by revaluation gains. Because the figure is combined and largely reflects valuation changes, it may say less about TeraWulf’s recurring operating performance. Report on combined Q3 profit
• Negative Sentiment: TeraWulf is suing Lansing over records requests as a proposed data-center ban advances. The dispute adds uncertainty around local approvals and the company’s ability to develop data-center capacity. Lansing records-request dispute
• Negative Sentiment: Broader concerns about lending to AI data-center developers have surfaced among former crypto miners. That financing concern could weigh on the sector, although the cited report noted TeraWulf shares rose during that session. Report on AI lending concerns

About TeraWulf

TeraWulf, Inc. develops and operates digital infrastructure, including facilities for Bitcoin mining and high-performance computing (HPC). The company focuses on locating its operations near sources of low-carbon energy and offers data center capacity designed for energy-intensive computing. Its Lake Mariner facility in New York is a key site for its mining and data center activities. TeraWulf has also operated in Pennsylvania through the Nautilus Cryptomine facility, reflecting its history of developing energy-intensive operations in the northeastern United States.

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