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TeraWulf Inc (WULF) Gets a Buy from Bernstein

Tipranks - Tipranks - Fri Aug 14, 7:20AM CDT

In a report released today, Gautam Chhugani from Bernstein maintained a Buy rating on TeraWulf Inc, with a price target of $36.00.

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Chhugani covers the Financial sector, focusing on stocks such as Riot Platforms, MARA Holdings, and Cleanspark. According to TipRanks, Chhugani has an average return of 20.8% and a 41.83% success rate on recommended stocks.

In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $62.50 price target.

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Based on TeraWulf Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $44.77 million and a GAAP net loss of $939.92 million. In comparison, last year the company earned a revenue of $47.64 million and had a GAAP net loss of $18.37 million

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WULF in relation to earlier this year. Last month, Paul B. Prager, the CEO of WULF sold 137,500.00 shares for a total of $3,656,125.00.

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