On July 27, TeraWulf Inc. rose 5.04% in pre-market trading, trading at $19.40 per share, with turnover of $561,600. The stock continues its recent rebound trajectory, steadily recovering from a prior oversold pullback.

On the news front, TeraWulf previously signed a 20-year lease agreement with Anthropic for its Justified Data Campus in Kentucky, with estimated contract revenue of approximately $19 billion over the full lease term. The stock surged to $22.7 on July 8 when the deal was announced, but subsequently pulled back more than 22% through July 17, entering a valuation recovery phase in recent sessions.

Multiple institutions maintain buy ratings on the stock. Bernstein initiated coverage with an Outperform rating and a $36 price target, while BofA Securities initiated at Buy with a $34 target — both significantly above the current trading level. B. Riley also raised its price target to $32 from $27 while maintaining a Buy rating. The consensus mean price target stands well above the current share price, reflecting analyst confidence in the long-term revenue visibility provided by the Anthropic contract.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)