TeraWulf’s (WULF) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

TeraWulf (NASDAQ:WULF)‘s stock had its “overweight” rating reissued by analysts at Cantor Fitzgerald in a research report issued on Wednesday,Benzinga reports. They presently have a $11.00 target price on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 51.31% from the company’s current price.

Other analysts have also recently issued reports about the company. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC raised their target price on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. B. Riley reaffirmed a “buy” rating and issued a $6.00 price objective on shares of TeraWulf in a report on Monday, October 7th. Northland Securities boosted their price target on TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Rosenblatt Securities restated a “buy” rating and set a $5.00 price target on shares of TeraWulf in a research report on Tuesday, October 8th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $7.36.

TeraWulf Stock Down 0.7 %

WULF stock traded down $0.05 during trading on Wednesday, hitting $7.27. 13,218,866 shares of the company’s stock traded hands, compared to its average volume of 26,218,460. TeraWulf has a 52 week low of $1.24 and a 52 week high of $9.30. The stock has a fifty day moving average price of $6.18 and a two-hundred day moving average price of $4.84.

Institutional Investors Weigh In On TeraWulf

Several hedge funds have recently made changes to their positions in WULF. Point72 Asset Management L.P. purchased a new stake in shares of TeraWulf in the second quarter worth approximately $22,443,000. Hood River Capital Management LLC bought a new position in shares of TeraWulf in the second quarter valued at approximately $20,532,000. Driehaus Capital Management LLC acquired a new position in TeraWulf during the 2nd quarter worth $9,948,000. Duquesne Family Office LLC bought a new stake in TeraWulf during the 2nd quarter valued at approximately $9,301,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of TeraWulf in the third quarter worth $9,489,000. Hedge funds and other institutional investors 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.