IREN Ltd
IREN (NASDAQ)
IREN Ltd (IREN) stands out as a high-performing growth stock, boasting a remarkable 381.17% return over the past year. Analysts have a median 12-month price target of $75.00, reflecting strong expectations for future growth, particularly with earnings projected to soar by 175% by fiscal 2026. The company is on track to generate significant revenue, aiming for $1.5 billion by 2028, which underscores its potential as an attractive investment opportunity.
Pros:
- High growth potential in data center business
- Strong market cap of $14.27B
Cons:
- High beta indicating volatility
- Debt concerns due to infrastructure projects
IREN Ltd (IREN) presents itself as a compelling option for growth-focused investors who are comfortable with higher volatility and the absence of dividends. With its impressive recent returns and strong future earnings projections, it may be particularly suitable for those seeking significant capital appreciation over the long term.