HC Wainwright Raises IREN Price Target to $36.00, a 71.43% Increase

HC Wainwright & Co. raised IREN's price target from $21 to $36, an increase of 71.43%. The firm maintains its "Buy" rating. This update reflects a significant adjustment in analyst expectations for IREN, a data center business utilizing renewable energy. Investors should monitor further developments and analyst updates for IREN as the market reacts to these new assessments.

H.C. Wainwright & Co. has significantly raised its price target for IREN (IREN) from $21 to $36, an increase of 71.43%. The firm maintains its "Buy" rating, reflecting a substantial adjustment in analyst expectations for the data center business utilizing renewable energy. This update comes on the heels of IREN's strong Q4 results and the company's recent expansion plans in its artificial intelligence cloud services business.

The research note from H.C. Wainwright highlights IREN's impressive Q4 performance, with the company reporting record earnings. The firm's price target increase is driven by several key factors, including IREN's significant near-term expansion of its AI cloud services business. The company procured another 2,400 of Nvidia's (NVDA) latest-generation graphics processing units, which has been pivotal in enhancing the company's AI capabilities [3].

Additionally, IREN's designation as an Nvidia preferred partner is seen as a strategic advantage, as it will facilitate better access to new GPUs. This partnership is expected to further bolster IREN's position in the AI cloud services market and contribute to its revenue growth [1].

H.C. Wainwright estimates that IREN's total revenue will grow by over 150% year-over-year in fiscal 2026, underscoring the firm's bullish outlook on the company's growth prospects. The analyst's optimism is further bolstered by IREN's strong financial performance and its ability to leverage its renewable energy infrastructure to generate high-margin revenues [2].

Investors should closely monitor further developments and analyst updates for IREN as the market reacts to these new assessments. The stock's recent performance and the positive analyst sentiment indicate that IREN is well-positioned to capitalize on the growing demand for AI cloud services and Bitcoin mining.

References:
[1] https://www.coindesk.com/markets/2025/08/29/bitcoin-miner-iren-s-ai-push-gains-momentum-price-target-hiked-60-to-usd37-canaccord
[2] https://www.ainvest.com/news/iren-share-price-surge-analyst-price-target-hikes-fy-results-momentum-driven-unlocking-regulated-utilities-2508/
[3] https://www.tipranks.com/news/the-fly/iren-price-target-raised-to-36-from-21-at-h-c-wainwright-thefly