Analyst John Todaro from Needham maintained a Buy rating on TeraWulf Inc (WULF – Research Report) and decreased the price target to $7.00 from $9.50.
John Todaro has given his Buy rating due to a combination of factors including TeraWulf Inc’s strategic expansion plans and projected capacity growth. The company is expected to exit 2026 with a significant increase in high-performance computing (HPC) capacity, reaching between 200-250 megawatts, with an additional 150 megawatts anticipated in 2027. This expansion aligns with previous estimates, although the timeline has been adjusted to a slightly later date.
Despite the adjusted timeline, the implied cost per megawatt remains consistent with earlier projections, suggesting a stable financial outlook. These factors contribute to a positive long-term growth potential for TeraWulf Inc, supporting the Buy rating given by John Todaro.
Todaro covers the Financial sector, focusing on stocks such as Cipher Mining, Coinbase Global, and Riot Platforms. According to TipRanks, Todaro has an average return of 35.0% and a 58.54% success rate on recommended stocks.
In another report released on February 28, Roth MKM also maintained a Buy rating on the stock with a $9.00 price target.