IREN's Q2 results fall short of expectations, B. Riley raises target price to $83
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IREN released its second-quarter financial report, with revenue dropping to $184.7 million and losses widening. Wall Street analysts are divided on its performance, with some focusing on short-term profitability pressures, while others are optimistic about the long-term potential of AI infrastructure development. B. Riley raised IREN's target price from $74 to $83 and maintained a buy rating.
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