Rosenblatt lowered the firm’s price target on TeraWulf (WULF) to $4 from $4.50 and keeps a Buy rating on the shares. The firm believes the issues that drove TeraWulf’s weaker-than-expected Q1 results will prove temporary as it expects much stronger mining results starting this quarter and it views mining as less important given the company’s strategic pivot towards high-performance computing, the analyst tells investors in a post-earnings note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WULF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue