Citigroup Reiterates Buy Rating on TeraWulf Inc.
Citigroup maintains its bullish stance on TeraWulf Inc. with a $36 price target, a 42.12% upside from the current price.
Key Points
- Citigroup reiterated its buy rating on TeraWulf Inc. (WULF) with a $36 price target on June 29, 2026.
- Citigroup's $36 price target implies 42.12% upside from TeraWulf Inc.'s ($WULF) current $25.33 share price.
- Shares of TeraWulf traded near $25.83 on Monday, with a market cap of approximately $12.8 billion.
- Recent insider activity included purchases and sales by key executives, while analysts maintain a strong buy consensus.
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On June 29, 2026, Citigroup reiterated its buy rating on TeraWulf Inc. (NasdaqCM:WULF) with a price target of $36. Analyst Michael Rollins emphasized the firm's positive outlook on the company, maintaining a bullish stance.
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TeraWulf Inc. Stock Up 65.0%
Shares of NasdaqCM:WULF traded near $25.83 on Monday. TeraWulf Inc. has a market cap of approximately $12.8 billion and a forward P/E of 139.6, suggesting high growth expectations. The stock's beta is 4.256, indicating significant volatility. TeraWulf's 52-week range spans from $4.23 to $29.84, with moving averages of $23.96 over 50 days and $16.52 over 200 days. The company maintains a current ratio of 1.202 and a quick ratio of 1.105, reflecting its short-term liquidity.
$WULF price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
TeraWulf reported revenue of $168.06 million, with a slight decline of 1.1% in revenue growth. The company is not currently profitable, with an EPS of -2.51 and a return on equity of -22.16%. The net margin stands at zero, and the next earnings release is scheduled for August 6, 2026.
Insider Buying and Selling at TeraWulf Inc.
Recent insider transactions at TeraWulf Inc. included multiple trades by key executives. On June 24, 2026, Chief Accounting Officer William Joseph Tanimoto both bought and sold 10,000 shares. On June 23, 2026, insiders Catherine Motz and Amanda Fabiano each sold 56,023 shares, while Steven Pincus bought and sold 63,026 shares. These transactions were not conducted under any pre-planned trading programs.
Analysts Set New Price Targets
On June 29, 2026, Citigroup initiated its buy rating on TeraWulf Inc. with a price target of $36. Other analysts have also shown confidence in the stock. B of A Securities set a $34 target on June 15, while Bernstein offered a $46 target on June 4. The consensus among analysts is a strong buy, with an average price target of $36.34 across 16 opinions.
About TeraWulf Inc.
TeraWulf Inc., headquartered in Easton, Maryland, specializes in developing and operating digital infrastructure and bitcoin mining facilities. Founded in 2021, the company leverages clean and cost-effective energy solutions for high-performance computing workloads. Led by CEO Paul B. Prager, TeraWulf employs 141 people and operates within the financial services sector, specifically in capital markets.
Bottom Line
TeraWulf Inc. continues to attract attention from analysts and investors, with Citigroup maintaining a buy rating and a $36 price target. The company's focus on digital infrastructure and bitcoin mining positions it in a niche market with high growth potential. As always, remember that analyst ratings and 13F filings offer insights based on past data and may not reflect current conditions.
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