Rosenblatt raised the firm’s price target on TeraWulf (WULF) to $10.50 from $6 and keeps a Buy rating on the shares. The company’s relationship with Fluidstack and Google are “transformational” for both TeraWulf and the sector, the analyst tells investors in a research note. The firm sees further share upside beyond yesterday’s rally, saying the deal and related Google investment “dramatically improves” TeraWulf’s risk profile and overall cost of capital.
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