JPMorgan Hikes IREN Price Target to $46 but Stays Underweight on Circular NVIDIA Deal Concerns

JPMorgan raised its price target on Iren to $46 from $39, but kept an Underweight rating unchanged. The note is mildly supportive in valuation terms, but the maintained bearish stance limits the positive signal. This is primarily analyst commentary and is likely to have limited near-term market impact.

Analysis

JPMorgan raised its price target on Iren to $46 from $39, but kept an Underweight rating unchanged. The note is mildly supportive in valuation terms, but the maintained bearish stance limits the positive signal. This is primarily analyst commentary and is likely to have limited near-term market impact.