IREN Stock Soars After Microsoft Pact – Analysts Losing Their Minds 😂📈

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Wall Street’s latest obsession? A stock that’s been on a caffeine-fueled joyride since partnering with Microsoft. If you blinked, you might’ve missed it-IREN (IREN) is now the subject of price targets that make your local lottery ticket look like a damp napkin. Let’s break it down, shall we?

  • Brett Knoblauch of Cantor Fitzgerald, the human equivalent of a slot machine jackpot, cranked his price target up to $142 from $100. That’s like upgrading your “I’ll take $200” to “I’ll take the moon.” 🌕
  • Bernstein’s Gautam Chhugani, clearly still bitter about his last failed crypto bet, raised his target to $125 from $75. Roth Capital followed suit, hiking theirs to $94 from $82. It’s a Wall Street dance-off, and everyone’s wearing platform shoes.
  • The stock’s 547% gain this year-if you’re keeping track, that’s roughly what you’d earn if you invested in a pet rock in 1978. Bonus points if your pet rock is named “Microsoft.” 🐢

Yesterday’s $9.7 billion AI deal with Microsoft (MSFT) has Wall Street analysts acting like they’ve discovered fire. IREN’s now supplying 200 megawatts of AI data center capacity, which sounds impressive until you realize it’s just 10% of their total power. But hey, who needs restraint when you can speculate on $2 billion in annual recurring revenue by 2027? 🤑

Brett Knoblauch, our hero, has been bullish since IREN was trading at $10. He’s like the guy at the grocery store who always buys the last box of cereal, convinced it’s the luckiest one. Now he’s telling investors to expect a 100% upside from yesterday’s close of $67.75. If only he could bottle that optimism and sell it on Amazon.

Bernstein’s Chhugani argues IREN’s 2.9 gigawatt portfolio is “unique,” which is Wall Street-speak for “we’re not entirely clueless.” Meanwhile, competitors like CoreWeave (CRWV) are left wondering why they didn’t just buy a power plant and call it a day. 🙃

Chhugani now values IREN’s Sweetwater site at $5 million per megawatt, which is either genius or the result of a typo. Either way, it’s enough to make your average real estate agent blush. And let’s not forget the $2.5 billion in AI cloud revenue forecast by 2027-because who doesn’t want to bet their retirement on a stock that’s already a 12-fold winner from April? 🎲

But don’t get too comfortable. Shares are down 5% Tuesday, presumably because the market decided to take a breather and remember how to breathe. Nasdaq futures are tanking, and Bitcoin’s flirting with the $100,000 level like it’s a bad date. But hey, at least IREN’s stock isn’t a soufflé-it can’t collapse if you look at it wrong. 🥚

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2025-11-04 18:11