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IREN rated Strong Buy with $52 target despite losses and $10B debt, aiming for profitability via revenue conversion.

Analyst Insights
12 Nov 2026, 14:35 WIB
Seeking Alpha
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Bullish
IREN rated Strong Buy with $52 target despite losses and $10B debt, aiming for profitability via revenue conversion.

IREN Limited is rated as a Strong Buy with a price target of $52 despite currently being unprofitable and carrying a $10 billion debt. The company reported Q1 2027 results showing expected growth in operating ARR to $4 billion by Q3 2027. Profitability hinges on converting its $20 billion revenue backlog into operating ARR. Key risks include high capital expenditure, unsustainable debt, and potential failure to generate profit despite strong revenue growth.

IREN Limited is the subject of this update, provided here with relevant market data for context. For readers following Technology-sector US stocks on Pluang, 25 of 150 stocks rose while 122 fell today. Notable movers include NBIS at USD 140.88 with an 8.93% drop, NVDA at USD 160.04 down 7.88%, and EXFY at USD 1.64 down 7.87%. This data is as of Nov 12, 2026 19:13 WIB.

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