Investment bank KBW upgrades TeraWulf mining company rating and raises target price to $24
PANews, January 1st – According to Cointelegraph, investment bank Keefe, Bruyette & Woods (KBW) has upgraded its rating for bitcoin miner TeraWulf (WULF) from “market perform” to “outperform,” and raised its target price from $9.5 to $24.
KBW stated that this reassessment is based on investors “underestimating the extent of the shift in bitcoin mining towards high-performance computing (HPC) leasing business portfolios in 2026-2027, as well as the strong growth momentum driven by the net 646 megawatt HPC leasing project by 2027.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WTI drops to near $92.50 on potential US-Iran deal
Costco (COST.US) Q4 revenue and profit surpass expectations, paid membership growth falls short of forecasts
Costco (COST.US) announced its financial results for the fourth quarter of fiscal year 2026, ending on August 30.
S&P 500's Recent Flat Close Hides a Brutal Split Underneath
As Yields Break Records, Tom Lee Sees an Upside, But Only for the Strongest
Crypto prices
More
