Roth MKM Lifts TeraWulf Inc. (WULF) Price Target on HPC Growth Prospects

Terawulf Inc. (NASDAQ:WULF) is a must-buy non-tech stock to invest in. On November 11, ROTH MKM reiterated a Buy rating on the stock and raised the price target to $26 from $24. The buy stance is in response to the company developing its high-performance computing infrastructure.

The research firm expects the company to ink additional HPC contracts at its existing and future sites as part of its expansion plans. The company could have more than five execution ready sites in addition to its 366MW site. The addition of new sites could result in the company’s capacity exceeding 100MW, providing sufficient power capacity to meet customer demand.

Likewise, analysts at B. Riley have raised the stock’s price target to $23 from $22 while reiterating a Buy rating, impressed by solid third-quarter results that beat expectations. The research firm has echoed the company’s growth prospects, noting its target of annual HPC contracts between 250 and 500 MW as it also advances site acquisitions and financing plans.

TeraWulf Inc. (NASDAQ:WULF) is an American digital infrastructure company that develops, owns, and operates data centers for high-performance computing (HPC), artificial intelligence (AI) applications, and proprietary Bitcoin mining. The company’s business model is shifting from its traditional focus on Bitcoin mining to providing AI infrastructure, which offers a higher-margin, more stable revenue stream. The buy stances.

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.