Morgan Stanley initiated coverage of TeraWulf (WULF) with an Overweight rating and $37 price target The company has a “strong” track record of signing agreements with data center customers and has experience in building a wide range of power infrastructure assets, the analyst tells investors in a research note. Morgan Stanley is bullish on the “increasingly attractive valuations” of bitcoin-to-data center conversions. As such, it sees significant upside in TeraWulf shares.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade WULFPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WULF:
- Crypto Currents: Strategy, Galaxy Digital report Q4 earnings results
- Option traders moderately bearish in TeraWulf with shares down 6.99%
- Crypto Currents: Bitcoin markets face identity crisis as miners rally
- Crypto Currents: Strategy slides while stablecoin yield talks stall
- TeraWulf: Strategic Brownfield Acquisitions and Hyperscale Pipeline Drive Compelling Buy Rating