Cantor Fitzgerald Reiterates Overweight Rating for TeraWulf (NASDAQ:WULF)

Cantor Fitzgerald reiterated their overweight rating on shares of TeraWulf (NASDAQ:WULF) in a research report released on Monday morning,Benzinga reports. Cantor Fitzgerald currently has a $11.00 price objective on the stock.

Several other equities research analysts have also commented on the company. Needham & Company LLC boosted their price objective on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. B. Riley increased their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Northland Securities reaffirmed an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 target price on shares of TeraWulf in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, TeraWulf currently has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Performance

WULF stock opened at $5.51 on Monday. TeraWulf has a one year low of $1.24 and a one year high of $9.30. The firm’s fifty day moving average is $6.94 and its 200 day moving average is $5.48.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aspect Partners LLC acquired a new stake in shares of TeraWulf during the 3rd quarter valued at approximately $26,000. Amalgamated Bank increased its position in TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after purchasing an additional 2,912 shares in the last quarter. FMR LLC lifted its holdings in TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares in the last quarter. KBC Group NV acquired a new stake in TeraWulf during the third quarter worth approximately $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in TeraWulf in the 2nd quarter valued at $44,000. 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.