An analyst initiation with an explicit Buy rating and price target is a bullish near-term catalyst for the specific company; however, the dashboard’s active_symbols list does not include WULF, so no eligible ticker can be assigned.
Jefferies Initiates Buy Rating on TeraWulf (WULF) Amid AI Data Center Expansion Sheryar Siddiq Tue, June 2, 2026 at 11:37 AM GMT+2 2 min read WULF TeraWulf Inc. (NASDAQ: WULF ) ranks among the best short-squeeze stocks to invest in . On May 14, Jefferies began coverage on TeraWulf Inc.
(NASDAQ:WULF) with a Buy rating and a price target of $28. The firm characterizes TeraWulf Inc. (NASDAQ:WULF) as a power-focused digital infrastructure operator with a scalable strategy to acquire brownfield industrial sites with reliable power and transmission networks and transform them into AI data centers.
Meanwhile, on May 11, Needham boosted TeraWulf Inc. (NASDAQ:WULF)’s price target to $28 from $22, retaining a Buy rating on the company’s shares. The firm mentioned the company’s first-quarter revenue of $34 million, which was consistent with Needham’s $35 million projection.
Revenue increased 117% quarter-over-quarter to $21 million from HPC lease revenue, which was largely offset by a 50% quarter-over-quarter decrease in mining revenue to $13 million. However, the adjusted EBITDA of negative $4. 1 million fell short of both Needham’s $2.
5 million projection and management’s previously indicated number of $0 to $3 million. TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for HPC and Bitcoin mining.
It uses environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations. While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News .
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