TeraWulf price target raised to $13 from $7 at Citizens JMP

Citizens JMP analyst Greg Miller raised the firm’s price target on TeraWulf (WULF) to $13 from $7 and keeps an Outperform rating on the shares. TeraWulf reported solid Q2 results, underscoring progress in its strategic pivot toward high-performance computing hosting, the analyst tells investors in a research note. The company is likely to exit mining by the next halving event, and it retains the flexibility to redeploy mining capacity toward HPC, aligning with customer demand trends, the firm says.

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