The Wall Street target for IREN has risen to $142.

Wall Street Experts Raise Targets for IREN

Brett Knoblauch, an analyst at Cantor Fitzgerald, has updated the price target for IREN to $142. This target marks a significant increase from the previous level of $100.

Bernstein has also raised IREN's price target from $75 to $125. Similarly, Roth Capital has increased its target from $82 to $94.

The stocks gained value yesterday following a $9.7 billion artificial intelligence deal with Microsoft, and have shown a 547% increase since the beginning of the year. Additionally, there has been a 12-fold rise since its lowest point in April.