Thu Feb 27 12:10:00 UTC 2025: **TeraWulf Stock Dips Despite Positive Analyst Ratings**
**Easton, MD – February 1, 2024** – TeraWulf Inc. (NASDAQ: WULF), a digital asset technology company, experienced an 8.7% drop in its share price on Tuesday, closing at $3.61. Trading volume was significantly lower than average, at 6,085,324 shares compared to a daily average of 41,931,266. This decline comes despite largely positive analyst sentiment.
Several recent reports have expressed bullish views on TeraWulf. B. Riley raised its price target to $10, Northland Securities reiterated an outperform rating with a $10 price objective, and Rosenblatt Securities reaffirmed a buy rating with a $10 price target. However, Stifel Canada downgraded TeraWulf from a strong-buy to a moderate-buy rating in October. Keefe, Bruyette & Woods initiated coverage with a market perform rating. Currently, the stock holds an average “Buy” rating among analysts, with an average price target of $8.64.
Institutional investors have shown increased interest in TeraWulf. Charles Schwab, State Street Corp, GoalVest Advisory LLC, Intech Investment Management LLC, and Barclays PLC all either increased their holdings or established new positions in the company during recent quarters. Institutional ownership stands at 62.49%.
TeraWulf operates bitcoin mining facilities in New York and Pennsylvania and offers miner hosting services. The company was founded in 2021. Despite the recent price dip, the overall analyst sentiment remains positive, although some analysts have expressed a more cautious outlook. The reasons for Tuesday’s significant share price drop were not specified in the provided text.
First Piper 