TeraWulf (NASDAQ:WULF) Price Target Raised to $10.00 at Northland Securities

TeraWulf (NASDAQ:WULF) had its price target upped by Northland Securities from $8.00 to $10.00 in a research report report published on Wednesday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and issued a $5.00 target price on shares of TeraWulf in a research note on Tuesday, October 8th. Needham & Company LLC started coverage on shares of TeraWulf in a report on Wednesday, September 4th. They issued a “buy” rating and a $6.00 price objective for the company. B. Riley restated a “buy” rating and issued a $6.00 price objective on shares of TeraWulf in a report on Monday, October 7th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of TeraWulf in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $7.21.

TeraWulf Price Performance

NASDAQ WULF opened at $7.18 on Wednesday. TeraWulf has a 1 year low of $1.01 and a 1 year high of $9.30. The business’s 50-day moving average is $5.49 and its 200 day moving average is $4.40.

Hedge Funds Weigh In On TeraWulf

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in TeraWulf by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock worth $30,830,000 after acquiring an additional 1,764,115 shares during the last quarter. SG Americas Securities LLC grew its position in TeraWulf by 260.8% in the 2nd quarter. SG Americas Securities LLC now owns 193,304 shares of the company’s stock worth $860,000 after purchasing an additional 139,722 shares during the period. Bank of New York Mellon Corp grew its position in 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 bought a new stake in TeraWulf in the 2nd quarter worth approximately $1,095,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in TeraWulf by 43.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 656,520 shares of the company’s stock worth $3,073,000 after purchasing an additional 199,345 shares during the period. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

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.