Reality Check: Where does IREN go from here?
Near Term Catalysts, Current Setup, Valuation & Price Targets
If one solely looked at IREN’s share price performance over the past 2 months without knowing anything about the company, one would think it was going through a major crisis.
Despite landing its first deal with a hyperscaler in early November, the stock was trading at more than a 50% discount just weeks later. The irony is that, fundamentally, IREN has never been in a stronger position and over the last couple of months I have become even more bullish on the company and its stock.
In this deep dive, I’ll break down what makes me so optimistic and why I believe IREN will trade at much higher levels in 2026.
I’ll specifically cover:
IREN’s near term catalysts
IREN’s positioning in the broader industry
Updated valuation framework & price targets
I’m confident that any IREN shareholder, or any investor contemplating taking a position in the stock, will derive significant value from this deep dive.
Enjoy!