Rothschild Redburn initiates TeraWulf at Neutral, citing a $15 price target that implies an 11.8% downside, as the firm balances AI infrastructure growth potential against rising credit market risks and potential construction delays.
Rothschild Redburn initiated coverage of TeraWulf at Neutral with a $15 price target, implying 11.8% downside from the $17.01 reference price.
Rothschild & Co Redburn initiated coverage of TeraWulf (WULF) with a Neutral rating and a $15 price target, suggesting an 11.8% downside from the $17.01 reference price. While the firm remains bullish on generative AI infrastructure demand, it warns that credit markets are beginning to price in risks that equity investors may be overlooking regarding hyperscaler leverage.
The firm initiated at Neutral with a $15 price target, reflecting a cautious outlook on valuation and potential credit market risks, despite acknowledging the company's role in the generative AI infrastructure space.