Movement Alert|TeraWulf Inc. Rises 5.22% in Pre-Market Trading, Oversold Recovery Continues as Multiple Institutions Maintain Buy Ratings with Elevated Targets

Market Focus
Jul 31

On July 31, TeraWulf Inc. rose 5.22% in pre-market trading, trading at $18.77/share, with turnover of $893,100. The stock continued its oversold recovery trajectory following a steep pullback from its recent high.

The stock had surged to $22.7 on July 8 after announcing a 20-year lease agreement with Anthropic for its Justified Data campus in Kentucky, with estimated contract revenue of approximately $19 billion over the initial lease term. However, it subsequently pulled back over 28% from that peak before showing signs of stabilization. Multiple institutions maintain buy ratings with targets significantly above the current price: Chardan at $32, Bernstein at $36, BofA Securities at $34, and a FactSet consensus target of $38.11, providing valuation support for the rebound.

The company is scheduled to report earnings on August 5, with market consensus expecting revenue of $46.39 million and adjusted EPS of -$0.23. The upcoming earnings report and ongoing assessment of the Anthropic deal execution remain key near-term catalysts.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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