IREN stock jumps 11% on analyst upgrade chatter — what matters before Nasdaq reopens
IREN shares jumped 11.5% to $57.82 Friday, with 54 million shares traded after H.C. Wainwright’s Mike Colonnese raised his price target to $80. The move follows a $9.7 billion AI infrastructure deal with Microsoft and comes ahead of IREN’s earnings report expected Feb. 11. U.S. markets are closed until Tuesday. Bitcoin last traded near $95,271.