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Stock impact report

TeraWulf (WULF) Climbs 7% as Analyst Doubles PT [Yahoo! Finance]

TeraWulf Inc. (WULF) 
Company Research Source: Yahoo! Finance
TeraWulf grew its share price by 7.15 percent on Monday to close at $21.43, after an analyst raised its price target by double digits and posted a bullish outlook for the company. In a market note, Morgan Stanley upgraded its price target for TeraWulf Inc. (NASDAQ:WULF) by 12 percent to $41.50 from $37 previously, while maintaining an “overweight” recommendation, citing its valuation as a bitcoin-to-data-center company as “increasingly attractive.” Data center server racks. Photo by Brett Sayles on Pexels Morgan Stanley said that TeraWulf Inc. (NASDAQ:WULF) is slated for growth upside amid recently clinched deals, including the development and leasing of facilities to AI players, such as Google, supported by ongoing expansion plans to boost its portfolio. It can be learned that the listed firm earlier this year acquired two land parcels in Kentucky and Maryland for the development of some 1,480 MW of new digital and power capacity. Meanwhile, Morgan Stanley said that TeraWu Show less Read more
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