Rosenblatt Securities Maintains a Buy Rating on TeraWulf (WULF), Lifts PT to $6

TeraWulf Inc. (NASDAQ:WULF) is one of the 13 Crypto Stocks with the Highest Upside Potential. On June 12, Rosenblatt Securities analyst Chris Brendler reiterated a Buy rating on TeraWulf Inc. (NASDAQ:WULF), raising the price target to $6 from $4.50 after hosting the company’s CFO Patrick Fleury and Director of Investor Relations John Larkin at Rosenblatt’s Annual Tech Summit.

The firm came from the summit with increased optimism regarding TeraWulf Inc.’s (NASDAQ:WULF) positioning, adopting a bullish stance about its near-term prospects. It added that it sees a “compelling upside even after the recent run,” with TeraWulf Inc. (NASDAQ:WULF) trading at “a material discount to peers with relatively high short interest.”

Why TeraWulf Inc. (WULF) Went Up On Tuesday

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TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining. It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations.

While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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