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TD Cowen issues buy rating on TeraWulf, noting AI data center business value

WSJ +1 ·

GOOG Alphabet Inc
$347.86 +0.87%
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WULF WULF +0.88%
  1. 1TD Cowen initiated coverage on TeraWulf with a buy rating and a price target of $21.
  2. 2Google holds warrants equivalent to approximately 8% of TeraWulf's stake.
  3. 3WULF shares rose nearly 1% in premarket trading on Monday.

So what's the key point?

TD Cowen recommended buying TeraWulf stock with a price target of $21. Google holds a portion of the company's shares, which adds to its recognized value.

Source WSJ +1 · View original ↗

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