Clear Street analyst Brian Dobson raised the firm’s price target on TeraWulf (WULF) to $16 from $12 and keeps a Buy rating on the shares. The firm has high confidence in the management’s ability to execute on existing contracts and capture incremental opportunities, and the stock remains a top pick as momentum builds within its AI and HPC infrastructure platform, the analyst tells investors in a research note. Broad industry commentary also suggests that contract-signing activity is set to accelerate, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Mixed options sentiment in TeraWulf with shares up 0.48%
- Crypto Currents: SEC clears path for altcoin ETFs as SWIFT plans blockchain
- Crypto Currents: Strive, Semler Scientific announce bitcoin treasury merger
- Mixed options sentiment in TeraWulf with shares down 3.82%
- TeraWulf price target raised to $21.50 from $14 at Roth Capital