Iren stock reported yesterday evening and missed estimates
The market reacted in panic and lowered the stock by 18%
The analysts
respond by raising the price target to $125
Bernstein responded with a buy rating and raised the price target to $125
According to them: the miss in the report is mainly due to the decline in Bitcoin price, and prevents investors from seeing the full picture
which is the company's transition to AI data centers
We are monitoring