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.

While we acknowledge the risk and potential of WULF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WULF and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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