TeraWulf (NASDAQ:WULF) Stock Price Target Lowered at Citigroup

Key Points

• Citigroup cut its TeraWulf price target from $31 to $24 but kept a Buy rating; the new target implies about 94% upside from the stock’s then-current price of $12.35.
• TeraWulf’s latest quarterly results beat consensus: it reported a loss of $0.03 per share versus the expected $0.18 loss and revenue of $76.23 million versus $62.49 million expected. Revenue rose 50.7% year over year.
• Analyst views remain broadly positive but vary: MarketBeat’s consensus is Moderate Buy with a $27.88 target, while several firms have recently lowered their targets and ratings range from Strong Buy to Sell.

TeraWulf (NASDAQ:WULF - Get Free Report) had its target price cut by equities research analysts at Citigroup from $31.00 to $24.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 94.41% from the stock's current price.

Several other analysts also recently commented on WULF. Weiss Ratings upgraded shares of TeraWulf from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, October 26th. Rothschild & Co Redburn assumed coverage on shares of TeraWulf in a research note on Monday, September 21st. They set a "neutral" rating and a $15.00 target price on the stock. Sanford C. Bernstein dropped their target price on shares of TeraWulf from $36.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, November 4th. Zacks Research lowered TeraWulf from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 13th. Finally, Northland Securities set a $22.50 price objective on TeraWulf in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.88.

TeraWulf Stock Performance

Shares of TeraWulf stock traded down $0.04 during trading on Tuesday, hitting $12.35. 35,105,372 shares of the company's stock traded hands, compared to its average volume of 33,462,711. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75. TeraWulf has a 1 year low of $9.51 and a 1 year high of $29.84. The stock has a market capitalization of $6.16 billion, a P/E ratio of -3.79 and a beta of 4.00. The business has a 50-day simple moving average of $14.15 and a 200-day simple moving average of $17.94.

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

Insider Transactions at TeraWulf

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

Institutional Investors Weigh In On TeraWulf

A number of institutional investors and hedge funds have recently bought and sold shares of WULF. Banco Santander S.A. purchased a new stake in TeraWulf during the third quarter worth $1,210,000. HighTower Advisors LLC increased its holdings in shares of TeraWulf by 19.8% in the 3rd quarter. HighTower Advisors LLC now owns 102,532 shares of the company's stock valued at $1,517,000 after acquiring an additional 16,959 shares during the period. Thoroughbred Financial Services LLC increased its holdings in shares of TeraWulf by 0.5% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 162,925 shares of the company's stock valued at $2,411,000 after acquiring an additional 850 shares during the period. Moors & Cabot Inc. raised its position in shares of TeraWulf by 14.3% in the 3rd quarter. Moors & Cabot Inc. now owns 24,400 shares of the company's stock worth $361,000 after acquiring an additional 3,050 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of TeraWulf by 92.8% in the 3rd quarter. Allworth Financial LP now owns 9,989 shares of the company's stock worth $148,000 after acquiring an additional 4,807 shares in the last quarter. 62.49% of the stock is owned by institutional investors.

Key TeraWulf News

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf says it is targeting $700 million in annualized lease revenue by Q1 2027, supported by AI infrastructure expansion and Google’s credit support. Its stated funding discipline may also help address investor concerns about financing growth. Article: WULF Q3 Earnings Call Highlights AI Expansion and Funding Plans
• Neutral Sentiment: Core Scientific and TeraWulf reported a combined $1.89 billion in Q3 profit, but the figure was driven by revaluation gains, making it less indicative of recurring operating performance. Article: Core Scientific and TeraWulf Report Combined Q3 Profit
• Negative Sentiment: Morgan Stanley lowered its WULF price target to $47 from $65, while Wells Fargo cut its target to $22 from $30. Both firms retained Overweight ratings, but the reductions signal lower expectations. Read More. · Read More.
• Negative Sentiment: Earlier cuts add to the pressure: Rosenblatt reduced its target to $20 from $30 and Needham to $25 from $33, though both kept Buy ratings. Read More. · Read More.
• Negative Sentiment: TeraWulf is suing Lansing over records requests as a proposed data-center ban advances, adding regulatory and project uncertainty. Article: TeraWulf Takes Lansing to Court

TeraWulf Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.