Canaccord analyst Joseph Vafi raised the firm’s price target on IREN (IREN) to $42 from $37 and keeps a Buy rating on the shares. The firm said with lots of hyperscaler AI-related activity in the market, they believe it will soon be time for IREN’s hard work on infrastructure build to begin paying off. Also noted, recent data center deals are driving re-ratings higher for two non-followed names.
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