Morgan Stanley Lifts PT on TeraWulf Inc. (WULF) Following Q1 Results

TeraWulf Inc. (NASDAQ:WULF) is one of the best momentum stocks to buy according to analysts. Morgan Stanley lifted the price target on TeraWulf Inc. (NASDAQ:WULF) to $42 from $41.50 on May 19, maintaining an Overweight rating on the shares. The firm updated its view on the company following the release of its fiscal Q1 2026.

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In its results for the quarter, TeraWulf Inc. (NASDAQ:WULF) reported that it generated $34.0 million in revenue, including $21.0 million of HPC lease revenue. It also maintained a solid liquidity position, with approximately $3.1 billion of cash and restricted cash as of quarter-end.

TeraWulf Inc. (NASDAQ:WULF) has 60 MW of operational critical IT HPC capacity for Core42 at Lake Mariner as of March 31, 2026, and the company is nearing completion on CB-3 construction at Lake Mariner. It added that the CB-4 and CB-5 remain on schedule for delivery and rent commencement in 2026. TeraWulf Inc. (NASDAQ:WULF) also reported that it expanded its development platform with the acquisition of Hawesville, Kentucky, which is a large-scale site that holds immediate access to 480 MW of grid-connected power.

TeraWulf Inc. (NASDAQ:WULF) owns and operates fully integrated, environmentally clean bitcoin mining facilities in the United States. The company’s operations are divided into the Digital Asset Mining and HPC Leasing segments.

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