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IREN Limited shares continue to fall, but Bernstein still sees 182% upside potential with a $100 price target
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.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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