Rosenblatt Securities upgraded TeraWulf (WULF) to Buy, raising the price target to $14.50 due to strong HPC hosting pipeline. Revenue expected to grow from $183.1 million in 2025 to $923.3 million in 2027, with EBITDA surging to $531.9 million. Recent 400 MW acquisition shows expanding capacity, positioning for 150-200 MW new contracts annually. Despite recent underperformance, Rosenblatt sees buying opportunity with TeraWulf’s growth potential. Valuation multiples declining towards profitability support premium on earnings. Forecasts raised for 2026 and 2027 on Bitcoin mining asset monetization and AI demand. Key risks include regulatory changes and energy-cost volatility. WULF closed at $11.58, with 25% upside to target.

Read more at Yahoo Finance: Rosenblatt raises TeraWulf price target to $14.50, cites undervalued HPC pipeline