Rosenblatt Raises Terawulf (WULF) Price Target, Keeps Buy Rating

TeraWulf Inc. (NASDAQ:WULF) is one of the 11 Best US Stocks to Invest in Under $5. On June 12, Rosenblatt Securities increased its price target on TeraWulf Inc. (NASDAQ:WULF) from $4.50 to $6.00 and kept a “Buy” rating.

This decision came after Rosenblatt’s 5th Annual Tech Summit where TeraWulf Inc.’s (NASDAQ:WULF) CFO Patrick Fleury and Director of Investor Relations John Larkin discussed the company’s operations and future outlook.

The company is expected to start earning revenue from its high-performance computing (HPC) hosting business. This will make TeraWulf Inc. (NASDAQ:WULF) one of the few Bitcoin miners that have secured HPC hosting deals.

Rosenblatt highlighted TeraWulf Inc.’s (NASDAQ:WULF) “strong first tenant” and its “power expertise to execute” as key reasons why the company is likely to attract more interest and grow its HPC in the short term.

The increased price target of $6.00 is based on 27 times Rosenblatt’s 2026 Adjusted EBITDA estimate for TeraWulf Inc. (NASDAQ:WULF). Rosenblatt also noted that the stock is currently trading “at a material discount to peers with relatively high short interest.”

TeraWulf Inc. (NASDAQ:WULF) develops, owns, and operates advanced data center infrastructure in the US, specifically designed for Bitcoin mining and hosting HPC workloads.

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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