Professional
Added to YB: 2025-09-18
Pitch date: 2025-09-16
IREN [bullish]
IREN Limited
+12.24%
current return
Author Info
No bio for this author
Company Info
IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers.
Market Cap
$13.7B
Pitch Price
$35.76
Price Target
42.00 (+5%)
Dividend
N/A
EV/EBITDA
58.92
P/E
24.38
EV/Sales
19.87
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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