TeraWulf (NASDAQ:WULF) Given New $20.00 Price Target at Sanford C. Bernstein

TeraWulf (NASDAQ:WULF) had its price objective reduced by analysts at Sanford C. Bernstein from $36.00 to $20.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein‘s price objective points to a potential upside of 70.94% from the stock’s previous close.

Several other research firms have also recently commented on WULF. Weiss Ratings upgraded TeraWulf from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, October 26th. B. Riley Financial dropped their price target on TeraWulf from $40.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 30th. UBS Group assumed coverage on TeraWulf in a report on Wednesday, September 23rd. They set a “buy” rating and a $24.00 price objective for the company. Morgan Stanley upped their price objective on shares of TeraWulf from $62.50 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $30.00 target price on shares of TeraWulf in a research report on Friday, August 21st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.05.

TeraWulf Stock Performance

NASDAQ:WULF opened at $11.70 on Wednesday. TeraWulf has a 1-year low of $10.35 and a 1-year high of $29.84. 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 cap of $5.84 billion, a P/E ratio of -2.68 and a beta of 4.00. The stock has a 50 day simple moving average of $14.43 and a 200 day simple moving average of $17.97.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%. The business had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. TeraWulf’s quarterly revenue was down 6.0% compared to the same quarter last year. Research analysts anticipate that TeraWulf will post -1.04 earnings per share for the current year.

Insiders Place Their Bets

In other TeraWulf news, Director Michael Bucella bought 6,085 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of $14.79 per share, with a total value of $89,997.15. Following the completion of the purchase, the director directly owned 350,789 shares in the company, valued at $5,188,169.31. The trade was a 1.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul Prager sold 137,500 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were 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 directly owned 3,807,552 shares in the company, valued at $64,956,837.12. This trade represents a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders purchased 11,968 shares of company stock valued at $189,962 in the last three months. 15.90% of the stock is currently owned by insiders.

Institutional Trading of TeraWulf

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engle Capital Management L.P. boosted its holdings in shares of TeraWulf by 574.3% in the first quarter. Engle Capital Management L.P. now owns 2,950,100 shares of the company’s stock valued at $42,570,000 after acquiring an additional 2,512,600 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in TeraWulf during the second quarter worth about $3,534,000. Jennison Associates LLC acquired a new stake in TeraWulf in the first quarter valued at about $53,418,000. Troluce Capital Advisors LLC purchased a new stake in TeraWulf in the 1st quarter valued at approximately $33,189,000. Finally, Alyeska Investment Group L.P. purchased a new stake in TeraWulf in the 2nd quarter valued at approximately $14,223,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf News Summary

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Google agreed to provide credit support for TeraWulf’s roughly $19 billion Anthropic lease at its Justified campus in Hawesville, Kentucky. The backstop could improve access to project financing and reduce the risk lenders associate with relying on TeraWulf’s balance sheet alone. Reuters: TeraWulf gets credit backstop from Google
• Positive Sentiment: TeraWulf also signed a definitive engineering, procurement and construction agreement with Fluor for its Kentucky data-center campus. The contract advances the project toward construction, with the company saying it will support delivery of the contracted AI infrastructure. Fluor signs EPC contract with TeraWulf
• Neutral Sentiment: Rosenblatt highlighted TeraWulf as permitted power capacity gains value, while a recent KBW price-target cut still left substantial potential upside in the analyst’s view. These views offer some support but do not remove project risks. Rosenblatt picks TeraWulf
• Negative Sentiment: Shares moved lower amid a broader selloff in AI data-center stocks, suggesting the favorable Google news was not enough to overcome sector pressure. The company still faces substantial capital needs and a multiyear construction timeline; its highly leveraged balance sheet and tight liquidity add to investor concern. TeraWulf falls despite Google backstop

TeraWulf Company Profile

TeraWulf Inc is a digital asset infrastructure company focused primarily on developing and operating environmentally conscious data centers for bitcoin mining and other high-performance computing applications. The company emphasizes the use of low-carbon energy, including nuclear and hydroelectric power, to support energy-intensive computing operations.

TeraWulf operates mining and data center facilities in the United States, including the Lake Mariner site in New York and the Nautilus Cryptomine facility in Pennsylvania.