{"id":15193,"date":"2025-11-04T18:15:05","date_gmt":"2025-11-04T18:15:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/iren-stock-jumps-on-heels-of-9-7b-microsoft-deal-analyst-raises-price-targets\/"},"modified":"2025-11-04T18:15:14","modified_gmt":"2025-11-04T18:15:14","slug":"iren-stock-jumps-on-heels-of-9-7b-microsoft-deal-analyst-raises-price-targets","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/iren-stock-jumps-on-heels-of-9-7b-microsoft-deal-analyst-raises-price-targets\/","title":{"rendered":"IREN stock jumps on heels of $9.7b Microsoft deal, analyst raises price targets"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">IREN Ltd. stock price continued its strong surge this month after the company inked a major data center partnership with Microsoft.\u00a0<\/p>\n<div id=\"cn-block-summary-block_94ccb72c44267335e8ebec0985e704f9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>IREN share price jumped after inking a $9.7 billion deal with Microsoft.<\/li>\n<li>Analysts anticipate similar deals as it scales its data centers.<\/li>\n<li>Technical analysis suggests that the stock will retreat after earnings.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>IREN, a top company in the Bitcoin (BTC) mining and data center industry, jumped to a record high of $75.3. It has soared by over 1,200% from its lowest level this year, bringing its market capitalization to over $19 billion.\u00a0<\/p>\n<p>IREN stock has jumped after the company reached a $9.7 billion deal with Microsoft. This five-year deal will start implementation in 2026 and will include a 20% prepayment. It is estimated to have an EBITDA margin of 85%.<\/p>\n<p>This is a significant validation for a company that pivoted to the AI colocation industry recently. Its most recent financial results showed that its AI collocation business generated just $7 million in the fourth quarter.\u00a0<\/p>\n<p>By inking a deal with Microsoft, the hope is that the business will attract potential customers like Oracle, Meta Platforms, OpenAI, Amazon, and Anthropic.\u00a0<\/p>\n<p>OpenAI has already made a similar deal with CoreWeave, while Meta Platforms reached a similar one with Nebius.\u00a0<\/p>\n<p>Wall Street analysts believe that IREN\u2019s business will continue to perform well in the coming years. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/IREN\/analysis\/\" target=\"_blank\" rel=\"nofollow\">Yahoo Finance<\/a>\u2018s data shows that the average estimate for its revenue, to be released on Thursday, will be $241 million, a 344% annual increase.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>It will then make $257 million in its second quarter and $1.2 billion in the current financial year. These are huge numbers for a company that made $512 million in the last financial year.<\/p>\n<p>Most importantly, unlike CoreWeave, its business is already profitable, with annual earnings per share expected to be $1.6, up from 35 cents.<\/p>\n<p>Analysts are optimistic that IREN\u2019s stock price has more upside. In a note this week, Darren Aftahi, an analyst from Roth MKM, boosted his estimate from $82 to $94, representing a 55% upside from the current level.<\/p>\n<p>Gautam Chugani, a Bernstein analyst, estimates that the stock will rise to $75, up by 24% from the current level.<\/p>\n<h2 class=\"wp-block-heading\">IREN stock price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">IREN shares chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the IREN share price has been in a strong uptrend this year, moving from a low of $5 in April to a high of $75 this week.<\/p>\n<p>As a result, the stock has remained above all moving averages, a sign that bulls are in control.<\/p>\n<p>However, the risk is that the stock has formed a double-top pattern at $74 and a neckline at $48. It has also formed a bearish divergence pattern as the MACD indicator has pointed downwards.<\/p>\n<p>Therefore, the stock will likely have a strong bearish breakdown as investors sell the news. This retreat will likely happen when it publishes its results later this week.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>IREN Ltd. stock price continued its strong surge this month after the company inked a major data center partnership with Microsoft.\u00a0 Summary IREN share price jumped after inking a $9.7&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15193"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15193\/revisions"}],"predecessor-version":[{"id":15194,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15193\/revisions\/15194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7649"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}