TeraWulf price target raised to $32 from $20 at Clear Street

Clear Street raised the firm’s price target on TeraWulf (WULF) to $32 from $20 and keeps a Buy rating on the shares. The firm remains bullish on the stock post the Q1 report. The market continues to underappreciate TeraWulf’s execution on its 522 MW of leased capacity and broader high performance compute pipeline, the analyst tells investors in a research note. Clear views 2026 as a pivotal year for the company as its lease revenue continues to scale.

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