On July 31, TeraWulf Inc. rose 5.44% in regular trading, trading at $18.115/share, with turnover of $107 million. The stock extended its recovery from a cumulative pullback exceeding 28% since reaching a high of $22.7 on July 8.
The rebound comes as the stock finds support from multiple institutional buy ratings with price targets significantly above current levels. Chardan initiated coverage with a $32 target, Bernstein set a $36 target, BofA Securities assigned a $34 target, and the FactSet consensus target stands at $38.11. The deep pullback followed a surge triggered by TeraWulf's announcement of a 20-year lease agreement with Anthropic for its Justified Data campus in Kentucky, with estimated full-cycle contract revenue of approximately $19 billion.
Looking ahead, the company is scheduled to report earnings on August 5, with consensus estimates projecting revenue of $46.39 million and adjusted EPS of -$0.23. Institutional sentiment remains cautious regarding the timeline for profitability improvement, though the Anthropic lease provides substantial long-term revenue visibility.
(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.)