TeraWulf Stock Climbs As Analyst Sees More Room To Run - TeraWulf (NASDAQ:WULF)

TeraWulf Stock Climbs As Analyst Sees More Room To Run - TeraWulf (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) shares are trading higher. Keefe, Bruyette & Woods upgraded the stock to Outperform on Wednesday, which appears to be boosting shares.

KBW upgrades TeraWulf (WULF) to outperform, sees AI pivot driving sharp growth

The bank raised its its price target on the shares to $24 from $9.50.

KBW upgrades TeraWulf (WULF) to outperform, sees AI pivot driving sharp growth - Technology Shout

Investment bank KBW upgraded TeraWulf (WULF) to “outperform” from “market perform” while raising its target price to $24 from $9.50. The bank said the market underestimated the profit growth potential from the company’s move away from Bitcoin Bitcoin$ Mining for artificial intelligence and high-performance computing (HPC) rentals. Analyst Stephen Glagola wrote in a report on Wednesday: “We believe investors are underestimating the scale of BTC m…

KBW Upgrades TeraWulf Stock as AI and HPC Strategy Drives Long-Term Growth Outlook

Investment bank KBW has upgraded TeraWulf (NASDAQ: WULF) to outperform from market perform, while sharply increasing its price target to $24 from $9.50, signaling strong confidence in the companys evolving business model. According to KBW, the market is significantly undervaluing TeraWulfs earnings potential as it transitions away from traditional bitcoin mining toward artificial intelligence (AI) and high-performance computing (HPC) data center…