TeraWulf (NASDAQ:WULF) Price Target Raised to $10.00 at B. Riley

TeraWulf (NASDAQ:WULF) had its price target boosted by B. Riley from $8.00 to $10.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on WULF. Northland Securities raised their target price on TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research note on Wednesday, December 4th. Needham & Company LLC upped their target price on shares of TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a report on Thursday, December 5th. Finally, Stifel Canada cut shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Down 6.9 %

Shares of NASDAQ WULF opened at $6.49 on Thursday. TeraWulf has a fifty-two week low of $1.24 and a fifty-two week high of $9.30. The firm’s 50-day simple moving average is $6.90 and its 200 day simple moving average is $5.25.

Hedge Funds Weigh In On TeraWulf

Several institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in TeraWulf by 258.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after acquiring an additional 1,704,013 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of TeraWulf in the 3rd quarter worth approximately $340,000. Bank of New York Mellon Corp raised its holdings in shares of TeraWulf by 97.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company’s stock worth $3,757,000 after purchasing an additional 417,369 shares during the period. Central Asset Investments & Management Holdings HK Ltd purchased a new position in TeraWulf in the second quarter valued at approximately $1,095,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in TeraWulf by 43.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 656,520 shares of the company’s stock valued at $3,073,000 after purchasing an additional 199,345 shares during the period. Institutional investors own 62.49% of the company’s stock.

About TeraWulf

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.