Bernstein Maintains Bullish Stance on IREN Limited (NASDAQ:IREN) Stock

Group 1 - IREN Limited (NASDAQ:IREN) is recognized as one of the best stocks to invest in according to WallStreetBets, with a bullish rating maintained by Bernstein analyst Gautam Chhugani, who raised the price target to $75 from $20 [1][2] - The company's strategic advancements include developing its own AI cloud vertical and investing in capital expenditures, setting it apart from competitors that rely on co-location deals with AI Cloud partners [1] - Despite initial skepticism regarding its strategy execution due to increased capital requirements and competition, significant progress has been acknowledged, particularly in scaling Bitcoin mining operations and optimizing returns from its power portfolio [2]