Roth Capital raised the firm’s price target on IREN (IREN) to $35 from $26 and keeps a Buy rating on the shares. The company is leaning into full-stack AI Cloud while keeping optionality for high-performance compute co-location, allowing it to flexibly meet demand across its portfolio, the analyst tells investors in a research note. IREN has proven execution and retains about 3GW+ power flexibility to meet whichever demand reflects the best ROI without committing to one single model, the firm added.
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