{"id":20830,"date":"2026-01-28T16:17:28","date_gmt":"2026-01-28T16:17:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-the-iren-stock-price-is-poised-for-a-30-surge\/"},"modified":"2026-01-28T16:17:31","modified_gmt":"2026-01-28T16:17:31","slug":"heres-why-the-iren-stock-price-is-poised-for-a-30-surge","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-the-iren-stock-price-is-poised-for-a-30-surge\/","title":{"rendered":"Here\u2019s why the IREN stock price is poised for a 30% surge"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">IREN stock price has staged a strong comeback as artificial intelligence companies continue raising billions in funding and as traders wait for its upcoming earnings.<\/p>\n<div id=\"cn-block-summary-block_c883d0059fef98c33f26cdc437beadf6\" 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 stock has staged a strong rebound in the past few weeks.<\/li>\n<li>Wall Street analysts are optimistic about the company ahead of its earnings.<\/li>\n<li>Nvidia invested an additional $2 billion in CoreWeave this week.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>IREN shares jumped by 15% on Tuesday, January 27, reaching their highest level since November 10 and 80% above their lowest level in December last year.\u00a0<\/p>\n<p>One potential reason behind the rally is that CoreWeave, a top competitor, raised an additional $2 billion from Nvidia. This investment made Nvidia one of its biggest investors. It is also a sign that the company expects demand for AI data centers to continue rising.<\/p>\n<p>IREN stock also rose amid rising speculation that it will gain a big customer in the coming weeks or months. One name mentioned by analysts is Anthropic, a company raising $20 billion at a $350 billion valuation.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>IREN received its first big deal last year when Microsoft selected its services in a $9.7 billion deal. More companies, such as Anthropic, Amazon, and Meta Platforms, may also decide to use its data centers as the AI boom continues.<\/p>\n<p>Meanwhile, Wall Street analysts are highly bullish on IREN stock ahead of its upcoming earnings. Mike Colonnese, a top analyst at HC Wainwright, moved his rating from sell to buy and boosted his target to $80. Greg Miller of JMP Securities sees the stock rising to $80, while Joseph Vafi raised to $70.<\/p>\n<p>Wall Street analysts are optimistic about its upcoming earnings. Data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/IREN\/analysis\/\" target=\"_blank\" rel=\"nofollow\">Yahoo Finance<\/a> show that revenue for the upcoming period will be $227 million, up by 90% from the same period in 2024.\u00a0<\/p>\n<p>The average estimate for the current quarter is $280 million, up by 90%. Its annual revenue is expected to be $1.15 billion, followed by $2.7 billion.<\/p>\n<p>IREN stock also jumped as Bitcoin (BTC) rose for three consecutive days, reaching a high of 90,000. This increase is significant because IREN still generates most of its revenue from the Bitcoin mining industry.<\/p>\n<h2 class=\"wp-block-heading\">IREN stock price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">IREN stock chart | Source: crypto.news\u00a0<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that IREN stock has rebounded over the past few weeks, moving from a low of $33.54 in December to $60. This rebound happened after it formed an inverted head-and-shoulders pattern, a common bullish reversal sign.<\/p>\n<p>IREN has remained above the 50-day and 100-day Exponential Moving Averages and the Supertrend indicator. It has moved above the upper boundary of the Murrey Math Lines trading range.<\/p>\n<p>The Average Directional Index has continued to rise and is now at its highest level since November, a sign that momentum is continuing.<\/p>\n<p>Therefore, the stock will likely continue rising as bulls target the all-time high at $76, which coincides with the ultimate resistance level. This target is nearly 30% above the current level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>IREN stock price has staged a strong comeback as artificial intelligence companies continue raising billions in funding and as traders wait for its upcoming earnings. Summary IREN stock has staged&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20830","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\/20830","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=20830"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20830\/revisions"}],"predecessor-version":[{"id":20831,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20830\/revisions\/20831"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12676"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}