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FINWIRES

BofA Securities Initiates TeraWulf at Buy With $34 Price Target

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FINWIRES Analysis

BofA's Buy initiation with a $34 target near the $35.42 consensus mean places it in line with the street on the bitcoin-mining and HPC-hosting name. Major-bank coverage can broaden institutional access for a volatile small-cap. Bitcoin prices and any pivot toward high-performance-computing hosting are the dominant variables behind the thesis.

What are the key takeaways?

  • $34 target near $35.42 consensus mean
  • Major-bank coverage aids institutional access
  • Bitcoin and HPC pivot drive thesis

TeraWulf (WULF) has an average rating of buy and mean price target of $35.42, according to analysts polled by FactSet.

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