Canaccord raised the firm’s price target on Iris Energy to $9 from $8 and keeps a Buy rating on the shares. The firm continues to see solid execution on infrastructure development and bringing capacity online and they view the company as well positioned with a new fleet of miners, combined with cheap green power and a growing AI cloud services business.
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Read More on IREN:
- Unusually active option classes on open February 20th
- Iris Energy files to sell 2.07M ordinary shares for holders
- Iris Energy Reports Second Quarter and Half Year FY24 Results
- Iris Energy options imply 15.7% move in share price post-earnings
- Unusually active option classes on open February 14th
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