IREN Limited (NASDAQ:IREN) is currently trading at $35.45, significantly below the Wall Street consensus price target of $80.19, which implies a 126% upside. Bernstein analyst Gautam Chhugani has set a Street-high "Outperform" target of $100, suggesting 182% upside potential. The company's stock recently fell 15.35% in a single week due to a Q4 revenue miss and a $684 million GAAP net loss (mostly non-cash write-downs). However, its AI Cloud revenue more than doubled sequentially to $70.5 million, and management projects $4 billion in contracted annual recurring revenue (ARR) to be operational by December 31, 2026.