TeraWulf stock wobbles in premarket after Morgan Stanley starts coverage with $37 target, AI angle
TeraWulf shares fell 3.5% to $16.07 in premarket trading Tuesday, retracing after a 16.5% surge the previous session. Morgan Stanley initiated coverage with an “Overweight” rating and a $37 target, citing data-center growth potential. Peers traded mixed. TeraWulf will report fourth-quarter results on Feb. 26.