Stock Track | TeraWulf Soars 5.04% Intraday on Jefferies Buy Initiation

Stock Track05-15

TeraWulf Inc. (WULF) saw its stock price soar 5.04% during intraday trading on Thursday.

The surge followed Jefferies' initiation of coverage on the company with a Buy rating and $28 price target. Analyst initiations with positive ratings often attract investor attention and can drive buying activity as they signal confidence in the stock's future performance.

Jefferies' bullish stance on TeraWulf comes as the firm initiated coverage on several companies with bitcoin mining roots that are converting large power footprints into AI data center capacity, viewing TeraWulf as well-positioned in this transition.

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