TeraWulf rises as Keefe boosts price target to $24

TeraWulf shares rose over 3% premarket after Keefe Bruyette upgraded the stock to Outperform and lifted its price target to $24 from $9.50. The firm said investors are undervaluing TeraWulf shift from Bitcoin mining to high-performance computing leasing in 2026-27, adding that existing leases already support profitability.