TeraWulf Price Forecast Cut As Analyst Cites Tough Bitcoin Economics, Doubts Over AI Growth Plans

Rosenblatt Securities analyst Chris Brendler maintained TeraWulf WULF with a Buy and lowered the price target from $10 to$4 on Wednesday. TeraWulf fits perfectly into Brendler's Bitcoin mining investment thesis with low power costs, an efficient fleet and a strong balance sheet. Even better, it is one of only three miners to actually sign an HPC deal. Yet the stock has underperformed peers in the recent sell-off due to concerns about its ability to execute and sector-wide worries about the size of the AI o ...