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IREN seen far below bullish targets after securing major funding

IREN (Iris Energy) logoIREN (Iris Energy)
Sig2.12Sen+7.12Env0.00Soc0.00Gov0.00

IREN trades around $44.68 while Wall Street targets run to $77.84 and one Bernstein call lifts toward $100. The article argues the valuation gap is unusual and notes the company secured roughly $19 billion in funding over the prior 12 months. It frames the bull case around converting a $4 billion contracted ARR target into March revenue.

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