Reported 3 days ago
IREN Limited has shifted its focus from crypto mining to AI infrastructure, leading to a substantial price target increase from Roth/MKM, raising it to $82 from $35. This change suggests the stock could potentially double as the company rapidly expands its AI cloud operations and GPU deployments. IREN has seen a remarkable 473% surge in stock value this year and aims for significant revenue growth in AI services, with analysts projecting a favorable outlook for the company's future performance.
Source: YAHOO