Freedom Capital Initiates Coverage of IREN Limited (IREN) With a Hold on Potentially Lengthier Conversion from Crypto to AI [Yahoo! Finance]
IREN Limited - Ordinary Shares (IREN)
Company Research
Source: Yahoo! Finance
The firm stated that although it sees potential upside in the stock to $43 within the next two years as the company completely converts its crypto mining capacity to serving AI customers, that may prove to be a lengthier process than has been promised, and one that adds execution risk. Freedom Capital further told investors that it prefers other covered names among neoclouds and their supporting companies, at least for now. IREN Limited (NASDAQ:IREN) also received a rating update from Cantor Fitzgerald on April 9. The firm cut the price target on the stock to $61 from $82 and reiterated an Overweight rating on the shares, telling investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In this context, it sees AI infrastructure as “an attractive place to invest”. This holds especially true given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor also stated that it envis
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IREN
News
- IREN: I Am Still Bullish Despite The Prove-It Phase [Seeking Alpha]Seeking Alpha
- Jim Cramer Says “I'm Not Going to Veto IREN” [Yahoo! Finance]Yahoo! Finance
- IREN (IREN) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "hold (c-)" to "sell (d+)".MarketBeat
- IREN: Hyperscaler Ambitions Vs. $6 Billion Dilution Risk [Seeking Alpha]Seeking Alpha
- Iren's AI Cloud Pivot Is Exploding -- Could This 500% Winner Help Turn $100,000 Into $1 Million by 2036? [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
IREN
Sec Filings
- 3/4/26 - Form 8-K
- 3/4/26 - Form 424B5
- 3/4/26 - Form 8-K
- IREN's page on the SEC website