Professional
Added to YB: 2025-09-18
Pitch date: 2025-09-16
IREN [bullish]
IREN Limited
-15%
current return
Author Info
No bio for this author
Company Info
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling.
Market Cap
$16.3B
Pitch Price
$35.76
Price Target
42.00 (+38%)
Dividend
N/A
EV/EBITDA
474.89
P/E
-18.57
EV/Sales
25.76
Sector
Software
Category
growth
Canaccord Genuity Lifts IREN Limited Price Target to $42
IREN: Canaccord Genuity raises price target to $42 from $37. Sum-of-parts: Sweetwater 1 & Horizon 1 valued ~$7.4B vs data center peers; BTC mining ~2x revenue ($2B); GPU cloud $2.8B (mgmt expects $250M run rate, CRWV trades 6x sales); Sweetwater 2 adds 600MW by 2027.
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