Rosenblatt analyst Chris Brendler raised the firm’s price target on TeraWulf (WULF) to $12 from $10.50 and keeps a Buy rating on the shares. The firm views the company’s high performance computing hosting agreements with Fluidstack and related Google investment as “transformational.” TeraWulf financial profile has “improved dramatically” and the shares deserve a premium valuation, the analyst tells investors in a research note.
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