Yesterday we heard $IREN (-0,63%) a price increase of over 10% - how come? 🤔
_________________________
🌬️ Tailwind from the competition
The decisive impetus did not come directly from IREN itself, but from its competitor Applied Digital ($APLD (-6,96%) ):
- 💰 Financing deal with the Macquarie Group
- 🏗️ Capital secured for new AI data centers
- 📢 Signal: capital markets remain open for AI infrastructure
This step triggered a classic sympathy effect. The previously circulating concerns about financing bottlenecks in the sector evaporated - and IREN benefited disproportionately.
Market reaction:
- 📈 +11.32 % daily gain
- 💶 Closing price: EUR 33.98
- 🔄 Selling pressure of the previous days almost neutralized
_________________________
🏦 Goldman Sachs puts the brakes on - but only in the short term
Goldman Sachs had caused irritation shortly before:
- 🟡 Rating: Neutral
- 🎯 Price target: 39 USD
- 📊 Analyst: Michael Ng
Goldman recognizes the enormous growth potential:
- 📈 Revenue forecast:
- 2025: ~501 million USD
- 2028: ~3.8 billion USD
However, the valuation already appears ambitious compared to established players such as Equinix. This assessment initially led to profit-taking - until the positive industry news turned sentiment around.
_________________________
🤝 Focus on Microsoft & aggressive expansion
Fundamentally, the story remains intact:
- 💼 USD 9.7 billion major contract with Microsoft
- 💵 USD 2.3 billion capital raised to:
- Financing new hardware
- Repayment of existing debt
Although this means a dilution in the short term, in the long term it secures the necessary liquidity for the massive expansion of AI capacities.
_________________________
📊 Outlook: Decisive phase ahead
At the start of the week, one brand in particular is coming into focus:
- 🧱 USD 39 as technical resistance
- corresponds exactly to the Goldman Sachs price target
Decisive for the further price direction:
- 🏗️ Progress in the expansion of the Childress (Texas) site
- 🧠 On-schedule provision of GPUs for Microsoft
Delays or progress in this project are likely to have a direct impact on the share price in the short term.
_________________________
How are things looking for you? Has $IREN (-0,63%) already secured a place in your portfolio? If so, are you staying invested? And where do you think the journey will take you?
And if not, are you planning $IREN (-0,63%) add to your portfolio?
Image source:
Source:
https://www.boerse-express.com/news/articles/iren-aktie-produktinnovationen-ueberzeugen-850555
