IREN shares jump after Northland initiates $99 Outperform
IREN rose 1.82% premarket after Northland Capital initiated coverage at Outperform with a $99 price target.
IREN Ltd. 82% in premarket trading after Northland Capital started coverage with an Outperform rating and a $99 price target, pointing to more than 100% upside from the prior close. The call adds to an analyst backdrop that was already skewed bullish, with 14 buy ratings and three holds before today.