Keefe Bruyette Lifts PT on TeraWulf (WULF) to $9.50 From $6.50

TeraWulf Inc. (NASDAQ:WULF) is one of the most buzzing stocks to invest in right now. On August 15, Keefe Bruyette raised the firm’s price target on TeraWulf Inc. (NASDAQ:WULF) to $9.50 from $6.50, keeping a Market Perform rating on the shares.

The rating update followed the announcement of the two long-term colocation agreements with Fluidstack.

The analyst noted that Google also partnered to backstop $1.8B to support the project financing, adding that he looks “favorably” at the deal since it boosts TeraWulf Inc.’s (NASDAQ:WULF) credit profile and diversifies the tenant base.

TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining.

It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations.

While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.