On August 3, TeraWulf Inc. rose 5.27% in regular trading, trading at $18.61/share, with turnover of $116 million. The rally was driven by B. Riley raising its price target on TeraWulf Inc. from $32 to $40 while maintaining a Buy rating, implying over 100% upside from the current share price.
According to FactSet consensus data, the mean analyst price target has risen to $38.26. Multiple institutions including Chardan, Bernstein, and BofA Securities have also initiated coverage with Buy ratings, with target prices ranging from $32 to $36. The stock had previously surged to $22.7 following the announcement of a $19 billion long-term contract with Anthropic, but subsequently pulled back more than 28%. The current rally appears to reflect an oversold recovery phase supported by concentrated institutional bullishness.
TeraWulf Inc. is scheduled to report quarterly earnings on August 5, with consensus EPS expected at -$0.20 and revenue of $46.39 million.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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