TeraWulf (NASDAQ:WULF) Stock Price Target Lowered at Citigroup

TeraWulf (NASDAQ:WULF) had its target price cut by research analysts at Citigroup from $31.00 to $24.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s price objective suggests a potential upside of 94.41% from the stock’s current price.

Several other analysts also recently weighed in on WULF. Morgan Stanley dropped their target price on shares of TeraWulf from $65.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday. Rothschild & Co Redburn began coverage on shares of TeraWulf in a report on Monday, September 21st. They issued a “neutral” rating and a $15.00 price target for the company. B. Riley Financial lowered their price objective on shares of TeraWulf from $40.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Rosenblatt Securities lowered their price objective on shares of TeraWulf from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday. Finally, Chardan Capital reissued a “buy” rating and set a $32.00 price objective on shares of TeraWulf in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, TeraWulf has a consensus rating of “Moderate Buy” and a consensus price target of $27.88.

TeraWulf Stock Down 0.3%

Shares of WULF traded down $0.04 during midday trading on Tuesday, hitting $12.35. 35,105,372 shares of the company’s stock traded hands, compared to its average volume of 33,462,711. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of -3.79 and a beta of 4.00. TeraWulf has a 1 year low of $9.51 and a 1 year high of $29.84. The firm’s fifty day moving average is $14.15 and its 200-day moving average is $17.94.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Friday, November 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.15. The firm had revenue of $76.23 million during the quarter, compared to analyst estimates of $62.49 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. TeraWulf’s revenue was up 50.7% on a year-over-year basis. During the same period last year, the firm posted ($1.13) EPS. As a group, sell-side analysts anticipate that TeraWulf will post -1.09 earnings per share for the current year.

Insider Transactions at TeraWulf

In related news, CEO Paul Prager sold 137,500 shares of TeraWulf stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $17.06, for a total transaction of $2,345,750.00. Following the completion of the sale, the chief executive officer owned 3,807,552 shares of the company’s stock, valued at $64,956,837.12. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter Carter sold 130,626 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.14, for a total value of $1,977,677.64. Following the completion of the sale, the director owned 229,090 shares in the company, valued at approximately $3,468,422.60. This represents a 36.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 11,968 shares of company stock worth $189,962 over the last three months. 15.90% of the stock is currently owned by insiders.

Institutional Trading of TeraWulf

Several large investors have recently made changes to their positions in the business. Banco Santander S.A. purchased a new stake in TeraWulf in the 3rd quarter worth $1,210,000. HighTower Advisors LLC raised its position in TeraWulf by 19.8% during the third quarter. HighTower Advisors LLC now owns 102,532 shares of the company’s stock worth $1,517,000 after acquiring an additional 16,959 shares during the period. Thoroughbred Financial Services LLC raised its position in TeraWulf by 0.5% during the third quarter. Thoroughbred Financial Services LLC now owns 162,925 shares of the company’s stock worth $2,411,000 after acquiring an additional 850 shares during the period. Moors & Cabot Inc. raised its position in TeraWulf by 14.3% during the third quarter. Moors & Cabot Inc. now owns 24,400 shares of the company’s stock worth $361,000 after acquiring an additional 3,050 shares during the period. Finally, Allworth Financial LP lifted its holdings in TeraWulf by 92.8% during the third quarter. Allworth Financial LP now owns 9,989 shares of the company’s stock valued at $148,000 after purchasing an additional 4,807 shares in the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

More TeraWulf News

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf says it is targeting $700 million in annualized lease revenue by Q1 2027, supported by AI infrastructure expansion and Google’s credit support. Its stated funding discipline may also help address investor concerns about financing growth. Article: WULF Q3 Earnings Call Highlights AI Expansion and Funding Plans
• Neutral Sentiment: Core Scientific and TeraWulf reported a combined $1.89 billion in Q3 profit, but the figure was driven by revaluation gains, making it less indicative of recurring operating performance. Article: Core Scientific and TeraWulf Report Combined Q3 Profit
• Negative Sentiment: Morgan Stanley lowered its WULF price target to $47 from $65, while Wells Fargo cut its target to $22 from $30. Both firms retained Overweight ratings, but the reductions signal lower expectations. Read More. · Read More.
• Negative Sentiment: Earlier cuts add to the pressure: Rosenblatt reduced its target to $20 from $30 and Needham to $25 from $33, though both kept Buy ratings. Read More. · Read More.
• Negative Sentiment: TeraWulf is suing Lansing over records requests as a proposed data-center ban advances, adding regulatory and project uncertainty. Article: TeraWulf Takes Lansing to Court

TeraWulf Company Profile

TeraWulf, Inc. develops and operates digital infrastructure, including facilities for Bitcoin mining and high-performance computing (HPC). The company focuses on locating its operations near sources of low-carbon energy and offers data center capacity designed for energy-intensive computing. Its Lake Mariner facility in New York is a key site for its mining and data center activities. TeraWulf has also operated in Pennsylvania through the Nautilus Cryptomine facility, reflecting its history of developing energy-intensive operations in the northeastern United States.