Here's Why Cantor Fitzgerald Lowered PT on IREN Limited (IREN) [Yahoo! Finance]
IREN Limited - Ordinary Shares (IREN)
Company Research
Source: Yahoo! Finance
On April 9, Cantor Fitzgerald lowered the firm's price target on IREN Limited (NASDAQ:IREN) from $82 to $61, while maintaining an Overweight rating on the shares. The firm said in a research note that they see the world progressing towards the proliferation of AI as it gets incorporated in every sphere and business. As a result, the firm finds AI infrastructure companies to be an attractive place to invest. Cantor Fitzgerald elaborated that they like infrastructure stock because investors don't have to pick and choose specific AI models or apps, as the whole sector is performing. Moreover, the firm expects a persistent supply-demand imbalance in AI infrastructure for at least the next five years, which should support strong pricing power for companies like IREN that own and operate AI-ready data centers and power assets. ?Overall, Wall Street is bullish on the stock with 72% of the 18 analysts covering the company maintaining a Buy rating. The 12-month average analysts' price tar
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IREN
News
- 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's AI Cloud Pivot Is Exploding -- Could This 500% Winner Help Turn $100,000 Into $1 Million by 2036? [Yahoo! Finance]Yahoo! Finance
- IREN Vs. Nebius: One Dilutes, The Other Compounds [Seeking Alpha]Seeking Alpha
- Up 716% Over the Past Year, How Much Higher Can IREN Stock Go? [Yahoo! Finance]Yahoo! Finance
- IREN (IREN) had its price target lowered by Cantor Fitzgerald from $82.00 to $61.00. They now have an "overweight" rating on the stock.MarketBeat
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