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.