IREN Shares Rise 3% Premarket on Bitcoin Rally and Bullish Analyst Calls
- —IREN shares rose 3% to about $48 premarket as Bitcoin climbed
- —Northland initiated coverage with Outperform and a $99 price target
- —JPMorgan upgraded IREN to Overweight, lifting its target to $65 from $46
- —BTIG keeps Buy with an $80 target; consensus average is $81.18
Why it matters: Investors are repricing miners as AI infrastructure plays, but IREN's 4.28 beta keeps it highly sensitive to Bitcoin's price.
Source: Blockonomi