Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Oppenheimer initiated coverage on Terawulf Inc. (NASDAQ:WULF) with an Outperform rating and a $20.00 price target on Tuesday. The stock, currently trading at $13.64, has shown remarkable momentum with a 361% surge over the past six months. According to InvestingPro data, analyst targets range from $6.50 to $25.00, with a strong consensus recommendation of 1.33.
The research firm cited Terawulf’s transition from a bitcoin miner to a high-performance compute (HPC) AI infrastructure company as a key factor in its positive outlook.
Oppenheimer highlighted Terawulf’s control of high-quality land with low-cost renewable electricity and fiber networks, which has enabled the company to secure contracts with top-tier AI industry customers.
The firm noted that AI infrastructure demand has exceeded expectations over the past three years, projecting datacenter growth of 18% annually for the next five years, with a significant global undersupply of about 20% (or 15GW).
Terawulf currently possesses 1.2GW of space and gross power inventory, with over 400MW of net capacity under contracts and 250MW of convertible bitcoin mining capacity, according to Oppenheimer’s analysis.
In other recent news, TeraWulf Inc. announced preliminary financial results for the third quarter of 2025, projecting revenue between $48 million and $52 million, marking an approximate 84% increase compared to the same period last year. The company also expects to report adjusted EBITDA of between $15 million and $19 million, up from $6 million in the third quarter of 2024. In another development, TeraWulf formed a $9.5 billion AI data center joint venture with Fluidstack to develop a 168-megawatt data center in Abernathy, Texas, which is expected to be operational in the second half of 2026. Additionally, TeraWulf completed a $3.2 billion senior secured notes offering to finance data center expansion at the Lake Mariner campus in Barker, New York. Following this, Citizens raised its price target on TeraWulf to $18 from $13, maintaining a Market Outperform rating. The price target increase was attributed to the recent $3.2 billion notes offering, which carries an initial interest rate of 7.750%.
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