Iren stock today: Iren stock surges over 15% after Bernstein raises price target amid AI cloud pivot
Iren stock rose more than 15% on Wednesday after Wall Street analysts increased the stock price target after the firm, which is one of the largest self-operated BTC miners in the US, broke away from the pack.
Iren Stock Jumps As Bernstein Lifts Price Target to $75
Bernstein analysts have increased their price target on Iren to $75 from $20, signaling nearly 80% potential upside, as per a report. The move reflects growing confidence in Iren’s shift toward building its own AI cloud business instead of depending on co-location deals with partners such as CoreWeave (CRVW), as per a CoinDesk report.
Iren Shares Rally Over 365% YOY
The stock has already seen a stunning rally, climbing more than eight-fold from its 52-week low of $5.13 in April,…
