IREN Ltd. (NASDAQ:IREN) soared to a new all-time high on Wednesday, supported by bullish price coverage and rating from an investment firm. The stock hit $49.30 during the session, closing up 12.86% at $47.14. Bernstein raised IREN’s price target by 275% to $75, citing its unique AI approach among Bitcoin miners. Meanwhile, Compass Point gave the stock a “buy” recommendation, highlighting IREN’s expansion into AI servicing and high-performance computing services. While IREN shows promise, other AI stocks may offer higher returns with less downside risk.

Read more at Yahoo Finance: IREN Ltd. (IREN) Soars to Fresh High as Analyst Raises Price Target by 275%