Janux stock plunges after hours following mCRPC trial data
Investing.com - Roth/MKM has raised its price target on Terawulf Inc. (NASDAQ:WULF) to $26.00 from $24.00 while maintaining a Buy rating, citing the company’s larger-than-expected power pipeline. This new target represents the highest among analysts covering the stock, with targets ranging from $9.50 to $26.00, according to InvestingPro data. The stock has shown remarkable momentum with a 375% price return over the past six months.
The research firm highlighted that Terawulf could have more than five execution-ready sites, in addition to 366MW through its Fluidstack joint venture, potentially enabling 250-500MW of contracted CITL annually. Roth/MKM expects Terawulf to announce one or more new sites in the coming months, possibly moving quickly to contracts with existing clients.
Terawulf’s third-quarter earnings slightly exceeded revenue expectations, with lower Bitcoin hash rate offset by approximately $5 million in higher lease revenue from high-performance computing (HPC). The company has revised its HPC energization guidance to 250-500MW of contracted CITL annually. InvestingPro data shows Terawulf generated $167.6 million in revenue over the last twelve months, with a 30.58% revenue growth rate. Despite this growth, the company remains unprofitable, with analysts expecting net income to drop this year.
The analyst noted that Terawulf’s potential new sites could be substantial, possibly exceeding 100MW each. The firm believes Terawulf has sufficient power capacity and customer demand, with procurement of DC energization components representing the main potential constraint on annual deployment cadence.
Roth/MKM’s updated price target is based on a sum-of-the-parts analysis, reflecting a more robust pipeline than previously anticipated, with the firm expecting additional HPC contracts at both existing and future sites as the company continues its expansion plans. With a current market capitalization of $5.59 billion and trading at a high Price/Book multiple of 24.5, investors should note that InvestingPro identifies WULF as a stock that generally trades with high price volatility. For a comprehensive analysis of Terawulf’s financial health and growth prospects, check out the detailed Pro Research Report available for this and 1,400+ other US equities.
In other recent news, TeraWulf Inc. released its third-quarter 2025 earnings report, revealing a larger-than-expected loss. The company reported an earnings per share (EPS) of -$1.13, falling short of the forecasted -$0.05. Despite this earnings miss, Citizens maintained its Market Outperform rating on TeraWulf, keeping the price target at $22.00. The research firm acknowledged significant activity in the company’s operations over the past 90 days, which had previously been disclosed. These developments contributed to a positive market sentiment, with the company’s stock rising 3.8% in after-hours trading. Analysts continue to monitor TeraWulf’s strategic business operations closely.
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