TeraWulf Inc. (NASDAQ:WULF) Given Consensus Recommendation of “Buy” by Analysts

Shares of TeraWulf Inc. (NASDAQ:WULFGet Free Report) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $3.66.

A number of analysts recently commented on the stock. Compass Point decreased their price objective on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a report on Thursday, March 21st. Cantor Fitzgerald reissued an “overweight” rating and set a $4.00 price objective on shares of TeraWulf in a report on Thursday, March 28th. B. Riley reduced their price target on shares of TeraWulf from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Rosenblatt Securities started coverage on shares of TeraWulf in a report on Tuesday, April 9th. They issued a “buy” rating and a $4.20 price target on the stock.

Check Out Our Latest Stock Report on WULF

TeraWulf Price Performance

WULF stock opened at $2.18 on Friday. TeraWulf has a 52 week low of $0.89 and a 52 week high of $4.04. The company’s 50-day moving average price is $2.26 and its 200 day moving average price is $1.98.

Hedge Funds Weigh In On TeraWulf

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of TeraWulf by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock valued at $119,000 after buying an additional 6,450 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of TeraWulf in the first quarter valued at approximately $29,000. Apollon Wealth Management LLC acquired a new position in shares of TeraWulf in the fourth quarter valued at approximately $27,000. Delta Financial Group Inc. raised its position in shares of TeraWulf by 33.6% in the first quarter. Delta Financial Group Inc. now owns 44,100 shares of the company’s stock valued at $116,000 after buying an additional 11,100 shares during the last quarter. Finally, Partners Capital Investment Group LLP acquired a new position in shares of TeraWulf in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

About TeraWulf

(Get Free Report

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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Analyst Recommendations for TeraWulf (NASDAQ:WULF)

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