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

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top-ranked analyst says WULF's upside case still has plenty of room to run from current levels.Rosenblatt Securities just doubled down on one of bitcoin mining's most closely watched stocks and the message for investors couldn't be clearer.Chris Brendler, a five-star analyst at Rosenblatt Securities who ranks #1,189 out of more than 12,000 Wall Street analysts tracked by TipRanks, reiterated his Buy rating on TeraWulf Inc. (WULF) on March 19, 2026, maintaining a price target of $23 — implying 52.32% upside from the stock's last close of $15.10.Related: Bankrupt crypto exchange to repay $2.2B on March 31TeraWulf operates industrial-scale bitcoin mining facilities powered primarily by nuclear and hydroelectric energy, a structural cost advantage that has drawn sustained attention from Wall Street even as the broader crypto mining sector has been hammered by Bitcoin's price volatility.On Aug. 18, 2025, Google increased its stake in TeraWulf to 14% from 8%, strengthening its equity position.As part of the deal, Google committed up to $3.2 billion in total backing, including an additional $1.4 billion.The agreement also allows Google to purchase up to 32.5 million TeraWulf shares.Brendler's Rosenblatt reiteration comes as WULF trades roughly 18% below its 52-week high of $18.51, and nearly 630% above its 52-week low of $2.06.The stock's beta of 3.14 makes that volatility official. WULF moves more than three times as sharply as the broader market in either direction.Goldman Sachs sends blunt message on Nvidia stock after GTCMorgan Stanley has a stark message for investors in Palantir stocksRivian, Uber stocks struggle, but robotaxi deal may change the storyTeraWulf's latest financials show a company still burning cash but building scale. Here's what the numbers show:Market cap — $6.42 billion, placing WULF firmly in mid-cap territory among bitcoin mining peersEnterprise value — $8.35 billion, reflecting significant debt the company has taken on to fund facility buildoutsTotal cash — $3.27 billion on hand as of the most recent filingTotal debt — $5.20 billion, a leverage load that bears watching as interest rates remain elevatedDiluted EPS estimate — -$1.66, confirming the company is pre-profitability at current Bitcoin pricesBeta — 4.30, meaning WULF amplifies every major move in the crypto marketTerms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 71,067.40 +2,379.20 (+3.46%)UNH UnitedHealth Group Incorporated 271.53 -4.07 (-1.48%)MGRX Mangoceuticals, Inc. 0.3375 +0.1755 (+108.33%)UGRO urban-gro, Inc. 3.5301 +1.3501 (+61.93%)GM General Motors Company 76.21 +3.40 (+4.68%)PortfolioSign in to access your portfolioSign inTop gainersAPGE Apogee Therapeutics, Inc. 79.63 +13.58 (+20.57%)AXTI AXT, Inc. 63.24 +8.99 (+16.58%)LUNR Intuitive Machines, Inc. 20.45 +2.62 (+14.69%)PAYP PayPay Corporation 22.34 +2.43 (+12.24%)TTMI TTM Technologies, Inc. 102.39 +10.85 (+11.85%)Top losersLBRT Liberty Energy Inc. 28.64 -2.81 (-8.93%)RGC Regencell Bioscience Holdings Limited 25.01 -2.36 (-8.62%)SEDG SolarEdge Technologies, Inc. 47.24 -4.45 (-8.61%)COKE Coca-Cola Consolidated, Inc. 190.00 -11.45 (-5.68%)EQNR Equinor ASA 39.42 -2.18 (-5.24%)Most activeNVDA NVIDIA Corporation 176.21 +3.28 (+1.89%)SMCI Super Micro Computer, Inc. 21.92 +1.39 (+6.75%)ONDS Ondas Inc. 10.64 +0.56 (+5.56%)AAL American Airlines Group Inc. 10.92 +0.49 (+4.69%)INTC Intel Corporation 44.22 +0.35 (+0.79%)Top economic eventsEarnings eventsMy earnings eventsEarnings events