Bernstein lowers price targets for 7 AI infrastructure operators amid Texas uncertainty
IREN IREN Ltd
$21.64 +20.02%
View chart & analysis → 
- 1Bernstein lowered price targets for seven AI infrastructure operators by between 35% and 54%.
- 2IREN's new price target of $55 is lower than its previous price target of $100.
- 3The price target reductions reflect uncertainty regarding pipeline approvals in Texas and high capital costs in current financial markets.
So what's the key point?
Bernstein expects stock prices for seven AI facility operators to rise less due to the situation in Texas and the cost of borrowing money. IREN's target price was also lowered from $100 to $55.
Source Blockspace · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.