Cantor Fitzgerald Views Iren (IREN) After-Hours Dip as Buying Opportunity Amid AI Pivot

Iren Limited (NASDAQ:IREN) is one of the under-the-radar AI stocks to buy. On February 6, Cantor Fitzgerald lowered the price target for Iren to $82 from $136 with an Overweight rating. The firm noted that revenue and adjusted EBITDA for the company’s FQ2 2026 declined quarter-over-quarter due to lower Bitcoin prices and a reduced operating hash rate, which was anticipated as the company transitions capacity from Bitcoin mining to AI compute. The firm viewed the subsequent after-hours decline in share pric ...