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Bullish analyst view, tempered by the fact that this is a reiterated rating and target rather than a new fundamental development.
What happened, with direct paths to the underlying reporting
H.C. Wainwright reiterated its Buy rating and $56 target for IREN, versus a posted price of $21.64. The target implies substantial upside, though it is an analyst opinion rather than a new company catalyst.
Target: $56
Posted price: $21.64
Analyst firm: H.C. Wainwright
Analyst: Mike Colonnese
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