Rosenblatt analyst Chris Brendler raised the firm’s price target on TeraWulf (WULF) to $14.50 from $12 and keeps a Buy rating on the shares. The bitcoin miners that turned into high-performance compute hosting providers have been “huge beneficiaries” of accelerating demand amid due to artificial intelligence, the analyst tells investors in a research note. The firm sees a see “valuation disconnect” for TeraWulf due to its perceived smaller power pipeline. Its sees this as more of a disclosure issue than fundamentals, and expects TeraWulf to proactively add new capacity ahead of current expectations.
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