IREN Limited (IREN) Rebounds on Nvidia AI Surge, Canaccord’s $70 Target and New Institutional Buying – November 20, 2025
IREN shares rose over 10% to near $50 in U.S. trading on November 20, 2025, following Nvidia’s strong Q3 earnings and renewed analyst attention. Canaccord Genuity reiterated its “Buy” rating and raised its price target to $70, citing IREN’s $9.7 billion AI cloud deal with Microsoft. The stock traded between $48.8 and $54.1 intraday, with a market cap around $14.4 billion.