Jones Trading upgrades IREN to Buy from Hold with $40 target
Jones Trading raised its rating on IREN shares to Buy from Hold and set a $40 price target, according to TradingView data.
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what happened
Jones Trading has upgraded IREN shares to Buy from Hold and set a price target of $40. The information comes from TradingView.
The target implies upside of 84.8% from the November 6 close of $21.64, according to the report. The same piece lists recent analyst actions: HC Wainwright & Co. kept a Buy rating with a $56 target, Cantor Fitzgerald maintained Overweight at $47, and B. Riley Securities kept Buy at $64 in its latest note from October 30.
why it matters
Across the three most recent analyst notes over the past 30 days, price targets range from $47 to $64, so the new $40 target sits well below that band. Shares of listed bitcoin miners typically track the price of bitcoin along with operating costs such as power and equipment, which is why investors watch rating changes closely. The report does not explain the analyst's reasoning, so the motive for the revision cannot be judged from it.
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- Jones Trading upgrades IREN to Buy from Hold, sets price target at $40 — TradingView, 7 November 2026 at 00:44 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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