Key Points
A five-star Wall Street analyst just reiterated his Buy call on TeraWulf and his price target implies something investors may not be expecting.
The bitcoin mining stock carries a consensus rating that virtually no analyst on Wall Street disagrees with right now.
Here’s why one top-ranked analyst says WULF’s upside case still has plenty of room to run from current levels.
Rosenblatt Securities just doubled down on one of bitcoin mining’s most closely watched stocks and the message for investors couldn’t be clearer.
Chris Brendler, a five-star analyst at Rosenblatt Securities who ranks #1,189 out of more than 12,000 Wall Street analysts tracked by TipRanks, reiterated his Buy rating on TeraWulf Inc. (WULF) on March 19, 2026, maintaining a price target of $23 — implying 52.32% upside from the stock’s last close of $15.10.
Related: Bankrupt crypto exchange to repay $2.2B on March 31
TeraWulf operates industrial-scale bitcoin mining facilities powered primarily by nuclear and hydroelectric energy, a structural cost advantage that has drawn sustained attention from Wall Street even as the broader crypto mining sector has been hammered by Bitcoin’s price volatility.
On Aug. 18, 2025, Google increased its stake in TeraWulf to 14% from 8%, strengthening its equity position.
As part of the deal, Google committed up to $3.2 billion in total backing, including an additional $1.4 billion.
The agreement also allows Google to purchase up to 32.5 million TeraWulf shares.
Brendler’s Rosenblatt reiteration comes as WULF trades roughly 18% below its 52-week high of $18.51, and nearly 630% above its 52-week low of $2.06.
The stock’s beta of 3.14 makes that volatility official. WULF moves more than three times as sharply as the broader market in either direction.
TeraWulf’s latest financials show a company still burning cash but building scale. Here’s what the numbers show:
Market cap — $6.42 billion, placing WULF firmly in mid-cap territory among bitcoin mining peers
Enterprise value — $8.35 billion, reflecting significant debt the company has taken on to fund facility buildouts
Total cash — $3.27 billion on hand as of the most recent filing
Total debt — $5.20 billion, a leverage load that bears watching as interest rates remain elevated
Diluted EPS estimate — -$1.66, confirming the company is pre-profitability at current Bitcoin prices
Beta — 4.30, meaning WULF amplifies every major move in the crypto market
