TeraWulf (WULF) Climbs 7% as Analyst Doubles PT

TeraWulf Inc. (NASDAQ:WULF) is one of the 10 Stocks Racking Up Monster Gains.

TeraWulf grew its share price by 7.15 percent on Monday to close at $21.43, after an analyst raised its price target by double digits and posted a bullish outlook for the company.

In a market note, Morgan Stanley upgraded its price target for TeraWulf Inc. (NASDAQ:WULF) by 12 percent to $41.50 from $37 previously, while maintaining an “overweight” recommendation, citing its valuation as a bitcoin-to-data-center company as “increasingly attractive.”

Data center server racks. Photo by Brett Sayles on Pexels

Morgan Stanley said that TeraWulf Inc. (NASDAQ:WULF) is slated for growth upside amid recently clinched deals, including the development and leasing of facilities to AI players, such as Google, supported by ongoing expansion plans to boost its portfolio.

It can be learned that the listed firm earlier this year acquired two land parcels in Kentucky and Maryland for the development of some 1,480 MW of new digital and power capacity.

Meanwhile, Morgan Stanley said that TeraWulf Inc.’s (NASDAQ:WULF) preliminary results showed significant progress in its conversion plans, with over half of its revenues coming from high-performance computing (HPC) hosting, and more capacity expected to come online by year-end.

For the first quarter of the year, TeraWulf is targeting to report $30 million to $35 million in revenues, or an implied decline of 12.8 percent or growth of 1.7 percent from the $34.4 million registered in the same period last year.

Official results are expected to be released in the first week of May 2026, based on its historical reporting dates.

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 the cheapest AI stock.

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