TeraWulf (NASDAQ:WULF) Stock Gets Price Target Reduction from Sanford C. Bernstein

TeraWulf (NASDAQ:WULF) had its price target reduced by Sanford C. Bernstein from $36.00 to $20.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on WULF. HC Wainwright restated a “buy” rating on shares of TeraWulf in a research note on Friday, August 21st. Cantor Fitzgerald cut their price objective on shares of TeraWulf from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 target price on shares of TeraWulf in a report on Friday, August 21st. Needham & Company LLC increased their price target on shares of TeraWulf from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Rothschild & Co Redburn started coverage on shares of TeraWulf in a research note on Monday, September 21st. They set a “neutral” rating and a $15.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.68.

TeraWulf Stock Up 12.8%

Shares of WULF stock opened at $11.37 on Wednesday. The firm’s fifty day moving average price is $14.21 and its two-hundred day moving average price is $17.95. The firm has a market capitalization of $5.67 billion, a P/E ratio of -2.60 and a beta of 4.00. TeraWulf has a 1 year low of $9.51 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.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, November 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. The company had revenue of $76.23 million during the quarter, compared to analysts’ expectations of $62.49 million. TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%. TeraWulf’s revenue was up 50.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.13) EPS. On average, equities analysts predict that TeraWulf will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling at TeraWulf

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

Institutional Trading of TeraWulf

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in TeraWulf in the 2nd quarter valued at approximately $577,805,000. Bank of America Corp DE acquired a new position in shares of TeraWulf in the 2nd quarter valued at $140,057,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of TeraWulf in the second quarter worth $61,962,000. Jennison Associates LLC acquired a new stake in TeraWulf during the 1st quarter valued at $53,418,000. Finally, Engle Capital Management L.P. lifted its position in TeraWulf by 574.3% during the first quarter. Engle Capital Management L.P. now owns 2,950,100 shares of the company’s stock worth $42,570,000 after purchasing an additional 2,512,600 shares during the period. 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: Third-quarter revenue increased 50.7% year over year to $76.23 million, above analyst estimates of about $62.5 million. The loss of $0.03 per share was also narrower than the consensus loss of $0.18. TeraWulf Reports Third Quarter 2026 Results
• Positive Sentiment: HPC leases generated $63 million, roughly 83% of quarterly revenue, underscoring TeraWulf’s shift from Bitcoin mining toward AI and data-center infrastructure. TeraWulf books $63 million in Q3 HPC lease revenue
• Positive Sentiment: The company said Google is providing a credit backstop for anticipated financing supporting its $19 billion Anthropic lease. It also outlined a target of exiting Q1 2027 at a $700 million annualized leasing revenue run rate—potentially strengthening the growth case if financing and buildout proceed as planned. TeraWulf outlines leasing revenue target and financing progress
• Positive Sentiment: TeraWulf reported 102 MW of critical IT capacity online at Lake Mariner, with another 336 MW under construction, and said the project is progressing within cost guidance. TeraWulf Reports Third Quarter 2026 Results
• Neutral Sentiment: Call-option trading was unusually active, with purchases about 75% above average. That signals heightened investor interest but does not establish the direction of future share performance.
• Negative Sentiment: Bitcoin-mining revenue fell sharply as HPC leasing expanded, while adjusted EBITDA remained negative. The transition’s success depends on continued construction, project financing and converting planned capacity into revenue. Bitcoin mining revenue falls as HPC leasing surges

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.