TeraWulf Price Prediction: 22% Pullback Creates Buying Opportunity

"Keefe Bruyette maintains its Outperform rating with a $23 price target, citing the contracted revenue foundation and HPC build-out schedule as key factors in its outlook. The firm points to TeraWulf's contracted revenue foundation as the anchor: approximately $12.8 billion in long-term contracted revenue backed by Google credit-enhanced leases provides a level of cash flow visibility rare among bitcoin-adjacent names."

"With $3.27 billion in cash on the balance sheet following major financing rounds, the company has the capital to execute its build-out through 2026 and beyond. HPC lease revenue grew 35% quarter-over-quarter to $9.70 million in Q4 2025, and multiple construction milestones are scheduled for delivery across 2026, including CB-3 in mid-May, CB-4 in Q3, and CB-5 in Q4."

TeraWulf has experienced a sharp pullback from recent highs, declining 10% over the past month to $14.22, though it remains up 340% over one year. Keefe Bruyette maintains an Outperform rating with a $23 price target, citing the company's contracted revenue foundation as a key strength. TeraWulf holds approximately $12.8 billion in long-term contracted revenue backed by Google credit-enhanced leases, providing rare cash flow visibility in the bitcoin-adjacent sector. With $3.27 billion in cash following major financing rounds, the company can execute its build-out through 2026. HPC lease revenue grew 35% quarter-over-quarter to $9.70 million in Q4 2025, with multiple construction milestones scheduled throughout 2026, including CB-3, CB-4, and CB-5 deliveries that convert contracted capacity into recurring cash flow.

Read at 24/7 Wall St.