Rosenblatt has a stark message for investors in Google-backed stock

2 hours ago 4

Arjun Parashar

Mon, March 23, 2026 astatine 12:46 PM CDT 4 min read

Key Points

A five-star Wall Street expert conscionable reiterated his Buy telephone connected TeraWulf and his terms people implies thing investors whitethorn not beryllium expecting.
The bitcoin mining banal carries a statement standing that virtually nary expert connected Wall Street disagrees with close now.
Here's wherefore 1 top-ranked expert says WULF's upside lawsuit inactive has plentifulness of country to tally from existent levels.

Rosenblatt Securities conscionable doubled down connected 1 of bitcoin mining's astir intimately watched stocks and the connection for investors couldn't beryllium clearer.

Chris Brendler, a five-star expert astatine Rosenblatt Securities who ranks #1,189 retired of much than 12,000 Wall Street analysts tracked by TipRanks, reiterated his Buy standing connected TeraWulf Inc. (WULF) connected March 19, 2026, maintaining a terms people of $23 — implying 52.32% upside from the stock's past adjacent of $15.10.

Related: Bankrupt crypto speech to repay $2.2B connected March 31

TeraWulf operates industrial-scale bitcoin mining facilities powered chiefly by atomic and hydroelectric energy, a structural outgo vantage that has drawn sustained attraction from Wall Street adjacent arsenic the broader crypto mining assemblage has been hammered by Bitcoin's terms volatility.

On Aug. 18, 2025, Google accrued its involvement successful TeraWulf to 14% from 8%, strengthening its equity position.

As portion of the deal, Google committed up to $3.2 cardinal successful full backing, including an further $1.4 billion.

The statement besides allows Google to acquisition up to 32.5 cardinal TeraWulf shares.

Brendler's Rosenblatt reiteration comes arsenic WULF trades astir 18% beneath its 52-week precocious of $18.51, and astir 630% supra its 52-week debased of $2.06.

The stock's beta of 3.14 makes that volatility official. WULF moves much than 3 times arsenic sharply arsenic the broader marketplace successful either direction.

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TeraWulf's latest financials amusement a institution inactive burning currency but gathering scale. Here's what the numbers show:

Market headdress — $6.42 billion, placing WULF firmly successful mid-cap territory among bitcoin mining peers
Enterprise worth — $8.35 billion, reflecting important indebtedness the institution has taken connected to money installation buildouts
Total currency — $3.27 cardinal connected manus arsenic of the astir caller filing
Total indebtedness — $5.20 billion, a leverage load that bears watching arsenic involvement rates stay elevated
Diluted EPS estimation — -$1.66, confirming the institution is pre-profitability astatine existent Bitcoin prices
Beta — 4.30, meaning WULF amplifies each large determination successful the crypto market