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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WULF:
- TeraWulf price target raised to $12 from $9 at Clear Street
- Bessent says Treasury to explore ‘budget-neutral’ ways to acquire more Bitcoin
- TeraWulf price target raised to $12 from $10 at Northland
- TeraWulf price target raised to $11 from $7 at Cantor Fitzgerald
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!