TeraWulf (WULF) shares are on pace for their biggest weekly loss of 2026, reaching a 52-week low as the sell-off in AI-related stocks intensifies. [4, 6]
Amid the decline, Morgan Stanley reiterated its Overweight rating and $65 price target. [8] The target implies more than 400% upside from recent prices. [8]
The bank said it “rarely sees a stock as mispriced as WULF,” arguing the share-price decline is “at odds with underlying contract value.” [6, 8] The note also described crypto and AI infrastructure companies Cipher Digital (CIFR) and Riot Platforms (RIOT) as undervalued amid the market rout. [6]