UBS Initiates Coverage of TeraWulf with Buy
Fintel reports that on September 23, 2026, UBS initiated coverage of TeraWulf (NASDAQCM:WULF) (BMV:WULF) with a Buy recommendation.
Prior to this rating action, the stock recorded a latest close of $17.33 on September 22, 2026. This represents a price change of +19.60% over one week, relative to a baseline close of $14.49 on September 15, 2026. Over a one-month period, the stock experienced a price change of +10.81% from a baseline close of $15.64 on August 21, 2026. The pre-action close was also recorded at $17.33 on September 22, 2026.
Separately from the individual rating by UBS, the current consensus target mean for the stock was $35.57 as of September 15, 2026, with a median target of $33.15. This mean target represents an implied change of +105.27% from previous levels. The prior consensus target mean was $36.42 as of August 28, 2026, reflecting a consensus target revision of -2.34%. In terms of aggregate analyst recommendations, as of September 1, 2026, the current recommendation total stood at 26, consisting of 9 strong buy, 16 buy, 1 hold, 0 sell, and 0 strong sell recommendations. This represents a positive recommendation percentage of 96.2% and a hold percentage of 3.8%. In the prior period as of August 1, 2026, the total recommendation count was 25, with 8 strong buy, 16 buy, 1 hold, 0 sell, and 0 strong sell recommendations, representing 96.0% positive and 4.0% hold.
TeraWulf last reported earnings on August 5, 2026. The company reported an actual EPS of -1.92, compared to an estimated EPS of -0.2299. Actual revenue for the quarter was $44,767,000.00, compared to an estimated revenue of $47,319,840.00. Other recent analyst actions include Rothschild & Co initiating coverage with a Neutral rating on September 21, 2026, and Wells Fargo initiating coverage with an Overweight rating on September 17, 2026. Additionally, Freedom Capital Markets initiated coverage with a Buy rating on September 8, 2026, and William Blair initiated coverage with an Outperform rating on August 28, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 23, 2026 | UBS | Buy | initiated coverage | |
| September 21, 2026 | Rothschild & Co | Neutral | initiated coverage | |
| September 17, 2026 | Wells Fargo | Overweight | initiated coverage | |
| September 8, 2026 | Freedom Capital Markets | Buy | initiated coverage | |
| August 28, 2026 | William Blair | Outperform | initiated coverage |
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This story originally appeared on Fintel.