IREN Similar Chart Price Prediction
The price of IREN is predicted to go up -2.17%, based on the high correlation periods with RVP. The similarity of these two price pattern on the periods is 93.76%.
IREN
RVP
Down: -2.17%Similarity: 93.76%
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IREN Analyst's Forecast
Reginald Smith
JP Morgan
Buy → Hold
2024-12-10
Price Target
$9.5 → $15
Upside
+12.28%
JPMorgan downgraded IREN to Neutral from Overweight with a price target of $15, up from $9.50. The firm updated its bitcoin miner price targets and models to reflect the Q3 results and increases in bitcoin price and the network hashrate. The firm says that while IREN was its top pick entering 2024, with the shares up over 100% year-to-date, it is time to move to the sidelines. JPMorgan continues to like IREN's "industry leading" fleet efficiency, power costs and uptime, but views the company's cloud compute business as a "wild card today," and thinks other operators offer better value at current levels.
Brett Knoblauch
Cantor Fitzgerald
Buy
2024-11-27
Price Target
$20 → $23
Upside
+85.48%
Joseph Vafi
Canaccord Genuity
Strong Buy
2024-11-27
Price Target
$15 → $17
Upside
+37.1%
