BIST10014.251,29▼ 0.00%NYC Rents Hit Record Levels: DEFCON 1 Alert and Market ImplicationsUSD/TRY47.4192▲ 0.20%Netflix’s Ad Revenue Target and Live Sports Strategy: Market ImplicationsEUR/TRY54.0832▲ 0.30%SPK Approves Capital Increases for Şeker, Vakıf, and Bereket: Fresh Momentum for BIST 100BTC/USD$64,174.77▼ -1.02%1inch Leadership Rift: Co-Founder Bukov Claims Dismissal Amid New Venture LaunchGOLD6.053,53▲ 0.15%Bitcoin's 6% Weekly Surge: Can Bull Momentum Sustain?BRENT$84.86▼ 0.00%SPK’s Hardline Move: **2.4M TL** Fine on Integral Investment and Wide-Ranging Criminal Complaints IMAX Pivots to Automotive: Targeting China's Premium EV MarketBIST10014.251,29▼ 0.00%NYC Rents Hit Record Levels: DEFCON 1 Alert and Market ImplicationsUSD/TRY47.4192▲ 0.20%Netflix’s Ad Revenue Target and Live Sports Strategy: Market ImplicationsEUR/TRY54.0832▲ 0.30%SPK Approves Capital Increases for Şeker, Vakıf, and Bereket: Fresh Momentum for BIST 100BTC/USD$64,174.77▼ -1.02%1inch Leadership Rift: Co-Founder Bukov Claims Dismissal Amid New Venture LaunchGOLD6.053,53▲ 0.15%Bitcoin's 6% Weekly Surge: Can Bull Momentum Sustain?BRENT$84.86▼ 0.00%SPK’s Hardline Move: **2.4M TL** Fine on Integral Investment and Wide-Ranging Criminal Complaints IMAX Pivots to Automotive: Targeting China's Premium EV Market

Global MarketsJuly 16, 2026 at 03:18 AM

Freedom Capital Upgrades IREN Limited to Buy: AI Infrastructure Growth Potential

724FinanceGökberk Uçar

Freedom Capital Upgrades IREN Limited to Buy: AI Infrastructure Growth Potential

Freedom Capital upgraded IREN Limited (NASDAQ:IREN) to Buy, citing its AI infrastructure expansion and data center development strategy. With a steady $58 price target, the firm projects revenue to surge from $717M to $3.1B (FY27) and $8.5B (FY28). The appointments of Kambiz Aghili and Michael Nudelman strengthen IREN's GPU cloud and 5GW power portfolio roadmap. Jonathan Petersen of Jefferies highlighted the company's 'powered land bank' and vertically integrated approach as key differentiators, enabling flexible service offerings from powered shells to full GPU cloud solutions.