TeraWulf (NASDAQ:WULF) Price Target Raised to $10.50 at Rosenblatt Securities

Key Points

• Rosenblatt Securities has raised the price target for TeraWulf (NASDAQ:WULF) from $6.00 to $10.50, indicating a potential upside of 20.55% from its current price.
• TeraWulf's stock is currently rated as a "buy" by multiple analysts, with an average rating of "Buy" and a consensus target price of $8.88.
• Despite missing analysts' earnings expectations for the last quarter, TeraWulf reported a 33.9% increase in revenue year-over-year, totaling $47.64 million.

TeraWulf (NASDAQ:WULF - Get Free Report) had its price objective raised by analysts at Rosenblatt Securities from $6.00 to $10.50 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Rosenblatt Securities' target price would indicate a potential upside of 20.55% from the stock's current price.

Several other equities research analysts have also recently commented on WULF. Cantor Fitzgerald restated an "overweight" rating on shares of TeraWulf in a research note on Thursday. JMP Securities assumed coverage on TeraWulf in a research note on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 price target for the company. Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a research note on Thursday, May 22nd. Finally, Northland Securities set a $12.00 price target on TeraWulf in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, TeraWulf presently has an average rating of "Buy" and a consensus target price of $8.88.

TeraWulf Price Performance

Shares of NASDAQ WULF opened at $8.71 on Friday. The company has a current ratio of 0.66, a quick ratio of 1.90 and a debt-to-equity ratio of 2.96. TeraWulf has a twelve month low of $2.06 and a twelve month high of $9.30. The stock has a 50 day moving average of $4.83 and a two-hundred day moving average of $3.98. The stock has a market cap of $3.41 billion, a P/E ratio of -24.89 and a beta of 3.17.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The firm had revenue of $47.64 million during the quarter, compared to analysts' expectations of $46.30 million. During the same quarter in the prior year, the firm posted ($0.03) EPS. TeraWulf's quarterly revenue was up 33.9% compared to the same quarter last year. On average, research analysts forecast that TeraWulf will post -0.17 earnings per share for the current year.

Institutional Trading of TeraWulf

Several large investors have recently bought and sold shares of WULF. Edmond DE Rothschild Holding S.A. acquired a new stake in TeraWulf in the first quarter valued at $29,000. Nisa Investment Advisors LLC boosted its stake in shares of TeraWulf by 135.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company's stock valued at $29,000 after acquiring an additional 3,784 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of TeraWulf by 265.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company's stock valued at $29,000 after acquiring an additional 4,800 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of TeraWulf by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company's stock valued at $30,000 after acquiring an additional 2,748 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of TeraWulf during the first quarter valued at $33,000. Institutional investors and hedge funds own 62.49% of the company's stock.

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.

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