B. Riley Securities Maintains Buy on TeraWulf, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes has maintained a 'Buy' rating on TeraWulf (NASDAQ:WULF) but lowered the price target from $5 to $4.

August 18, 2023 | 3:48 pm
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TeraWulf's price target has been lowered from $5 to $4 by B. Riley Securities, though the 'Buy' rating is maintained.
The lowering of the price target by B. Riley Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintenance of the 'Buy' rating indicates that the analyst still sees potential in the company, which could offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100