Trend_Radar
12:30
$IREN Ltd(IREN)$ Jumps +5.47%: AI & Bitcoin Miner Bounces from Support, Eyes $43.47 Breakout 🚀The stock is rebounding on news of securing $3.6B in GPU financing for its massive $9.7B AI service contract with Microsoft. This validates its dual Bitcoin/AI business model.
Sector Sentiment: General strength in crypto-linked stocks provided a tailwind, helping IREN recover from recent post-earnings weakness. Analyst Targets
  • 15 analysts have an average price target of $74.78 (77% upside from current price).
  • Rating Consensus: Bullish. 4 Strong Buy, 8 Buy, 3 Hold, 1 Underperform.

🔮 Weekly Outlook
Expect consolidation between $39.5 - $43.5. A successful break above $43.47 could propel the stock toward $45-46. Failure to hold $42.22 may lead to a retest of support near $40. Watch Bitcoin price action and broader tech/AI sentiment.

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