Bernstein maintains its "outperform" rating on miner IREN
2025-09-24 19:02:18
Listed bitcoin miner IREN has had a strong run, with its shares up more than 500 per cent in the past six months and its market capitalisation surpassing MARA to become the largest listed bitcoin miner. However, that did not stop analysts at research and brokerage firm Bernstein on Wednesday from more than tripling their price target to a new target of $75 per share and maintaining an "outperform" rating based on the exponential expansion of its AI cloud business.
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