Iris Energy -IREN (NASDAQ:IREN) Sees New Price Target and Expands AI Cloud Capacity

Darren Aftahi from Roth Capital sets a new price target of $82 for IREN (NASDAQ:IREN), indicating a potential increase of about 96.67%.IREN Limited expands its AI cloud capacity by acquiring 12,400 additional GPUs, aiming for an annualized run-rate revenue (ARR) of$ 500 million from its AI Cloud by Q1 fiscal 2026.The company's stock has shown a year-to-date increase of 314.5%, with a market capitalization of approximately $8.97 billion.On September 23, 2025, Darren Aftahi from Roth Capital set a new price t ...