Amid IREN (formerly Iris Energy) signing a partnership with NVIDIA, U.S. investment bank Bernstein set a $100 price target for IREN. According to The Block, this represents a 76% increase from its closing price of $56.85 on the 7th (local time). Bernstein stated, "This partnership is a significant collaboration in terms of technology and capital for both companies," adding, "The data center market opportunity is enormous. As it's still in its early stages, there is substantial upside potential remaining." IREN maintained its 'outperform' investment rating (outperform, exceeding market returns).
