Roth MKM initiated coverage of Iris Energy with a Buy rating and $14 price target The firm believes Iris offers an attractive investment opportunity in the growing energy demand for digital infrastructure. The stock’s risk/reward is compelling just on Iris Energy’s bitcoin mining business, and if the company materially exploits its power portfolio towards high performance computing and artificial intelligence, “significant upside potential exists,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IREN:
- Core Scientific initiated with an Outperform at Macquarie on BTC, HPC catalysts
- Iris Energy call volume above normal and directionally bullish
- Harris vowed to help grow investment in AI, crypto if elected, Bloomberg says
- Iris Energy Surpasses Milestone with Expansion Plans
- IREN achieves 20 EH/s milestone ahead of schedule