TeraWulf price target lowered to $4 from $4.50 at Rosenblatt

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.