Wall Street sets IREN stock price for the next 12 months

As IREN Ltd. (NASDAQ: IREN) stock surged by more than 14% over the past two days, driven by strong institutional demand for its Artificial Intelligence (AI) cloud infrastructure, Gautam Chhugani, an analyst at Bernstein, expects it to rally towards a new all-time high (ATH) over the next 12 months.

Finbold • Sep 3, 2026

Sam Altman Sees “Unsustainable Silliness” in AI Compute Spending. These Are the Stocks Traders Are Watching.

OpenAI CEO Sam Altman said “I am seeing the first signs of what feels to me like unsustainable silliness of random new neoclouds popping up, people claiming that they're going to build gigantic amounts of compute next year that I

24/7 Wall Street • Sep 3, 2026

Data Center Stocks Rally With Bitcoin: Cipher Mining Jumps 12%, TeraWulf Surges 8%, IREN Rises 4%

Bitcoin-linked data center operators are rebounding today as Bitcoin (CRYPTO:BTC) stabilizes near recent lows, and none of the intraday moves trace to a fresh company announcement.

24/7 Wall Street • Sep 3, 2026

IREN's Mining Exit Accelerates: Will AI Cloud Offset the Transition?

IREN's Bitcoin mining exit accelerates as AI Cloud scales rapidly, but revenue timing, heavy capital spending and GPU delivery remain key tests.

Zacks Investment Research • Sep 2, 2026

IREN: AI Pivot Is Finally Gaining Real Traction Now (Upgrade)

IREN Limited is successfully transitioning from Bitcoin mining to AI infrastructure, leveraging its data center expertise amid surging enterprise AI demand. IREN reports $4B in ARR and $707M FY2026 revenue, with multi-year contracts and $6.5B in GPU financing, validating its growth trajectory. Management's prepayment model and strong financing visibility reduce equity needs, supporting ambitious capacity and revenue expansion through 2030.

Seeking Alpha • Sep 2, 2026

Iren: I See The Silver Lining

IREN Limited reported a weak quarter, with revenue down 27% year-over-year and a significant miss versus consensus. AI Cloud revenue exceeded Bitcoin mining for the first time, with mining now under half of total revenue and being phased out by end-2026. Management expects more than $4 billion in ARR by December, now fully contracted, with revenue impact to materialize in early 2027.

Seeking Alpha • Sep 2, 2026

IREN's Customers Are Starting To Fund The Build

IREN has approximately $4 billion of contracted ARR, while current negotiations approach $25 million of annual revenue per MW. Three-year contract pricing increased 125% since November, suggesting scarce AI power is translating directly into stronger unit economics. Customer prepayments cover roughly 45% to 55% of GPU CapEx, reducing the equity intensity of IREN's massive expansion.

Seeking Alpha • Sep 2, 2026

Sam Altman Flags 'First Signs' of a Bubble: Neoclouds on Watch

OpenAI CEO Sam Altman is sounding an alarm on the AI infrastructure boom — and traders in neocloud names like CoreWeave (NASDAQ:CRWV), Nebius Group (NASDAQ:NBIS) and IREN Ltd. (NASDAQ:IREN) are taking notice.

Benzinga • Sep 2, 2026

IREN Sinks 4% as Rising Yields Reverse Monday's Rally, TeraWulf Falls 4%, Cipher Mining Drops 6%

A fresh backup in long-term Treasury yields is reversing Monday's rebound across capital-hungry AI infrastructure and Bitcoin (CRYPTO:BTC)-mining names Tuesday morning. CoinShares Bitcoin Mining and Digital Power ETF (NASDAQ:WGMI) declined 4% to $41.

24/7 Wall Street • Sep 1, 2026

IREN's CapEx Plan Accelerates: Can Funding Keep Up With Expansion?

IREN plans $25B-$30B in CapEx for its AI cloud expansion, backed by $14B in existing funding and a push for more GPU financing and prepayments.

Zacks Investment Research • Sep 1, 2026