Reported about 18 hours ago
BTIG has raised its price target for IREN Limited (NASDAQ:IREN) from $32 to $75, maintaining a 'Buy' rating due to the company's strong positioning in AI and colocation markets. IREN's recent multi-year contracts with AI firms for NVIDIA Blackwell GPU deployments are expected to enhance its GPU capacity and generate $225 million in AI Cloud revenue by the end of 2025.
Source: YAHOO