Jefferies initiated coverage of IREN with a $79 price target, implying about 30% upside from about $60.50. According to NS3.AI, the firm said IREN’s AI cloud strategy could generate higher long-term cash flows than traditional data center colocation.
Jefferies framed the AI cloud approach as a differentiator that could support stronger long-term financial performance relative to colocation-focused peers.
STOCKS | Jefferies Starts IREN Coverage With $79 Target, Citing AI Cloud Strategy
2026-06-18 18:28:24
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