TeraWulf Inc.'s stock soared 5.02% during intraday trading on Friday, reflecting a significant upward movement.
The surge appears driven by positive analyst actions. KBW analyst Stephen Glagola reiterated a Buy rating on the stock pre-market. Subsequently, during the session, Roth Capital analyst Darren Aftahi raised the firm's price target on TeraWulf to $32 from $26 while maintaining a Buy rating, signaling increased confidence in the company's valuation and prospects.