On August 15, TeraWulf Inc. rose 5.18% in regular trading, trading at $17.215/share, with turnover of $262 million. The stock entered an oversold recovery phase following the previous session's 5.03% decline triggered by Morgan Stanley's price target reduction.

On the news front, Morgan Stanley cut its price target on TeraWulf from $72 to $62.50 but maintained its Overweight rating. The revised $62.50 target still implies over 260% upside from the current price level, while the FactSet consensus target of $36.61 also remains significantly above current levels. The stock has been in a volatile recovery pattern since reporting Q2 results on August 5, when the company posted a loss of $1.94 per share — far worse than the consensus estimate of $0.22 loss — on revenue of $44.8 million that also missed expectations. Supporting the long-term outlook, TeraWulf previously signed a 20-year lease agreement with Anthropic for its Kentucky data center, expected to generate approximately $19 billion in contract revenue over the initial lease term.

(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.)