IREN Watch posted an update
IREN shares have fallen 42.37% in a month, yet the average analyst price target remains $77.81 against a reported share price of $25.43, according to 24/7 Wall St. That is a forecast, not a promised recovery.
Why it mattersThe article adds a harder test to the bullish case: IREN still needs about $8 billion in additional GPU financing and prepayments. It says $4 billion of annual recurring revenue is contracted for 2026 capacity, with $1 billion operating today; the company is targeting delivery milestones in the December quarter. The piece also cites a Gartner prediction that more than 80% of neocloud GPU-rental providers will no longer operate independently by 2030. For IREN, getting contracted capacity online and securing funding matter more than a striking price target.
Discuss: How much weight should investors give analyst optimism when the financing and delivery milestones are still ahead?
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