IREN Stock 8.5% Rally: 2026 Forecast & AI Pivot
IREN Stock 8.5% Rally: 2026 Forecast & AI Pivot Investor optimism around IREN’s AI infrastructure strategy has fueled an 8.5% rally, though choppy markets could limit further upside. Analyst forecasts for 2026 suggest potential upside to $136 per share, though risks like energy costs and competition loom. The $9.7 billion Microsoft partnership positions IREN as a key AI cloud player, potentially driving revenue to $1.94 billion ARR. Compared to peers like Riot Platforms, IREN's focus on sustainable energy and AI diversification offers a competitive edge in Bitcoin mining stocks. While evidence leans toward IREN being a solid long-term AI infrastructure play, short-term decisions like buying before earnings should weigh personal risk tolerance.
