TeraWulf (WULF) saw its stock rise by 16.52% after Morgan Stanley issued an “overweight” rating and a $37 price target, citing the company’s transition to servicing the AI sector from bitcoin mining. Morgan Stanley sees a 123% upside potential for the stock. Additionally, TeraWulf recently acquired significant land parcels in Kentucky and Maryland, expanding its digital and power capacity.
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TeraWulf (WULF) Soars 16% After Morgan Stanley Posts Upbeat Rating
TeraWulf (WULF) saw its stock rise by 16.52% after Morgan Stanley issued an “overweight” rating and a $37 price target, citing the company’s transition to servicing the AI sector from bitcoin mining. Morgan Stanley sees a 123% upside potential for the stock. Additionally, TeraWulf recently acquired significant land parcels in Kentucky and Maryland, expanding its digital and power capacity.