Roth Capital analyst Darren Aftahi raised the firm’s price target on Iren (IREN) to $94 from $82 and keeps a Buy rating on the shares. The company’s Microsoft (MSFT) deal at Childress brings a level of credibility that investors were looking for, and the firm believes this is an initial first step for Hyperscaler AIC/DC deals, with expectation that there is probably more legs to it, the analyst tells investors in a research note.
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- Iren price target raised to $94 from $82 at Roth Capital