“Monday's First Moves: IREN Double Upgrade, COIN New Bull, HPE Downgrade”JP Morgan Chase
JP Morgan upgraded IREN to overweight with a $65 target due to strong AI cloud revenue growth and key partnerships.
we look here at Iran Iren, I don't know exactly. I R E N, right? How do you say it anyhow? And let's talk about this name. >> Uh it's a neo cloud provider here. Um it's getting a bullish view today.
It's not reflected in the share price because as you mentioned, we've been watching stocks under pressure that are part of the AI story. This is one that was originally a Bitcoin miner story, but it's now turning into an AI infrastructure story.