TeraWulf price target raised to $21.50 from $14 at Roth Capital

Roth Capital analyst Darren Aftahi raised the firm’s price target on TeraWulf (WULF) to $21.50 from $14 and keeps a Buy rating on the shares. Given the evolving high-performance computing and AI power demand, the firm is updating its valuation methodology for the stock, which remains a leader in the industry with about 422MW of CITL – Critical IT Load – signed leases at its Lake Mariner site with two different customers, the analyst tells investors in a research note.