IREN Stock: Bernstein Names Top AI Pick Despite Earnings Miss

TLDR Nineteen analysts rate IREN “Moderate Buy” with a $67.64 average price target, 47% above the current $46.03 price. Q1 fiscal 2026 revenue hit $240.3 million, up 355% year-over-year, though EPS missed at ($0.34) versus $0.14 expected. A $9.7 billion five-year Microsoft agreement will generate $1.94 billion annually deploying NVIDIA GB300 GPUs in Texas. Bernstein [...]

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