H.C. Wainwright raised the firm’s price target on Iren (IREN) to $56 from $45 and keeps a Sell rating on the shares. The company reported “underwhelming” earnings for fiscal Q1 and raised its “lofty” artificial intelligence cloud revenue guidance for 2026. H.C. Wainwright sees “quite high” execution and financing risks for Iren. It sees “significant risks” to the company meeting its 2026 revenue outlook.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade IRENPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IREN:
- Crypto Currents: Ripple announces $500M investment at $40B valuation
- Iren price target lowered to $136 from $142 at Cantor Fitzgerald
- Iris Energy Secures Major Microsoft Contract, Reports Record Earnings
- Iren reports Q1 revenue $240.3M, consensus $241.97M
- Crypto Currents: Bitcoin fall drags stocks despite strong earnings