Why Iren Stock Crushed the Market Today
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Iren (IREN) stock surged over 10% on Tuesday, outperforming the S&P 500's 0.3% increase, following significant price-target hikes from two analysts. Cantor Fitzgerald's Brett Knoblauch raised his target from $49 to $100, citing strong potential in AI cloud services, while BTIG's Gregory Lewis increased his target from $32 to $75, maintaining a buy recommendation. This marked a rare occurrence of two analysts raising their targets by over 100% on the same day.
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