Is Iren Limited Stock Still a Buy?
Iren Limited (NASDAQ: IREN) has emerged as one of the most explosive growth stories of 2025, with shares surging 221% over the past six months and 68% in just the last 30 days. The company's $7.2 billion market cap might seem stretched for a business primarily known for Bitcoin mining just a year ago.
But Iren's aggressive pivot to artificial intelligence (AI) infrastructure has transformed it into something far more valuable: a picks-and-shovels play on the AI gold rush. Here's why the stock still scans as a bargain, despite its massive rally.
Image source: Getty Images.
Source Fool.com
Iren SpA Stock
€2.50
-0.320%
Our community is currently high on Iren SpA with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 3 € shows a slightly positive potential of 20.0% compared to the current price of 2.5 € for Iren SpA.
