B. Riley Raises TerraWulf Price Target to $40

WULF TeraWulf Inc

$12.06 +3.25%

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CLSK +0.71% HUT +0.62% CORZ +1.85% STRC +0.92%

1. 1B. Riley Securities raised its price target on TerraWulf (WULF) from $32 to $40 while maintaining a Buy rating.
2. 2The $8 (25%) increase implies roughly 124% upside from the reference price of $17.82.
3. 3The key driver cited was the 20-year lease deal with Anthropic announced on July 6 (approximately 401MW and around $19 billion in contract revenue).

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