B. Riley Raises TeraWulf (WULF) PT to $22, Maintains Buy Rating, Names It a Top Pick in the HPC Sector

TeraWulf Inc. (NASDAQ:WULF) is one of the most buzzing stocks to buy with huge upside potential. On October 22, B. Riley raised the firm’s price target on TeraWulf to $22 from $14 and maintained a Buy rating on the shares. The firm increased its price targets in the HPC space due to the continued momentum in the sector. B. Riley specifically raised its 2026 earnings estimates by an average of 5%, driven by the continued surge in demand for both power and data center capacity. Terawulf remains B. Riley’s top pick in this sector.

Earlier on October 21, Citizens JMP analyst Greg Miller raised the firm’s price target on TeraWulf to $18 from $13 with an Outperform rating on the shares. Following meetings at Structure Research’s Digital Infrastructure conference in Las Vegas the prior week, and in light of other news flow in the digital infrastructure sector, Citizens JMP is now more confident in two key trends. First, demand for traditional space and power has recently intensified. Second, demand for GPU-as-a-Service space has increased, despite new market entrants.

TeraWulf Inc. (NASDAQ:WULF), together with its subsidiaries, operates as a digital asset technology company in the US. The company provides miner hosting services to third-party entities.

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.