WULF Stock Gets Twin Price Target Hikes Day After Muskie Campus Acquisition

• Oppenheimer raised TeraWulf’s price target to $35 on Wednesday, after the company’s Kentucky artificial intelligence campus acquisition.
• B. Riley also lifted its target to $32, citing accelerating hyperscale demand and rising value of secured power infrastructure.
• The Muskie campus acquisition expands TeraWulf’s infrastructure inventory to roughly 3.8 gigawatts.

Shares of TeraWulf Inc. (WULF) traded flat on Wednesday morning despite Wall Street analysts sharply raising their price targets on the stock after the company expanded its presence in artificial intelligence (AI) infrastructure through a major Kentucky data center acquisition.

Oppenheimer increased its price target on TeraWulf to $35 from $25, marking a potential increase of 40% from its current price, and maintained an 'Outperform' rating, according to The Fly. 

B. Riley also raised its target on TeraWulf to $32 from $27, maintaining a ‘Buy’ rating, according to The Fly. From the current price of $25, it is an 28% upside.

WULF stock was down 0.08% during morning trade. On Stocktwits, the retail sentiment around WULF moved to ‘bullish’ from the ‘neutral’ zone, while chatter around it increased to ‘high’ from ‘low’ levels during the past day.

WULF’s ‘Creative But Complex’ Deal Drives Wall Street Optimism

Oppenheimer Analyst Timothy Horan tied the upgrade to the company’s acquisition of the 1 gigawatt high-performance computing (HPC) campus in Eastern Kentucky, describing the transaction as a “creative but complex deal” backed by local utility partnerships with relatively low approval risk. The firm added that the acquisition expands TeraWulf’s total infrastructure inventory to roughly 3.8 gigawatts.

B. Riley said hyperscale contracting activity across the digital infrastructure sector had “accelerated meaningfully,” adding that investors were increasingly placing a premium on companies with secured power capacity and de-risked project execution. 

The firm noted that “NIMBY opposition, grid interconnection delays, and electrical equipment shortages” were shifting from background concerns to material constraints on development across the artificial intelligence infrastructure market. 

NIMBY refers to the term ‘Not In My Back Yard’, a movement by local residents who often oppose developments related to AI being built near where they live. 

WULF’s AI Pivot Accelerates

The price target revisions came a day after TeraWulf announced the acquisition of the Muskie Data Campus, a 1,000-acre site inside Kentucky’s EastPark Industrial Park designed to support large-scale artificial intelligence and HPC operations. This marked another step in TeraWulf’s transition away from pure Bitcoin (BTC) mining toward AI infrastructure. 

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