NeutralIRENIREN LIMITEDIREN LIMITEDNBISNebius Group N.V.Nebius Group N.V.

Yesterday on

Bank of Montreal doubled its investment in $NBIS (by 102%), while its position in $IREN was reduced by 17.2%. According to the latest 13F filing, the number of NBIS shares held increased to 1.066M, representing approximately $251.67M. Bank of Montreal also purchased 630,500 put options on NBIS. The stake in IREN was reduced to 1.768M shares, valued at approximately $72.29M. However, derivatives were also purchased for IREN: 1.265M put options and 0.824M call options.

IRENIREN LIMITEDNeutralIREN LIMITED

3d ago on

Rating Changes: - Goldman Sachs reaffirmed its "Hold" rating and lowered its price target (from $50 to $30). - BTIG reaffirmed its "Buy" rating and lowered its price target (from $80 to $65). - Cantor Fitzgerald reaffirmed its "Buy" rating with a lower price target (from $99 to $47). - H.C. Wainwright reaffirmed its "Buy" rating with a lower price target (from $74 to $56). - Canaccord Genuity reaffirmed its "Buy" rating with a target price of $79. As a result, the consensus target price among Wall Street analysts fell over the quarter from $81.73 to $64.08.

Wall Street is lowering its estimates for $IREN following the release of its earnings report for Q1 FY2027. Rating Changes: - Goldman Sachs reaffirmed its "Hold" rating and lowered its price target (from $50 to $30). - BTIG reaffirmed its "Buy" rating and lowered its price target (from $80 to $65). - Cantor Fitzgerald reaffirmed its "Buy" rating with a lower price target (from $99 to $47). - H.C. Wainwright reaffirmed its "Buy" rating with a lower price target (from $74 to $56). - Canaccord Genuity reaffirmed its "Buy" rating with a target price of $79. As a result, the consensus target price among Wall Street analysts fell over the quarter from $81.73 to $64.08.

IRENIREN LIMITEDBullishIREN LIMITEDMSFTMicrosoftNeutralMicrosoft

3d ago on

I analyzed $IREN's conference call regarding its Q1 FY2027. Here are the key takeaways that are important for investors. Wall Street is selling off the Neocloud sector due to fears over capital expenditures, but IREN proves that this is not a "cloud-based WeWork," but rather a vertically integrated infrastructure monopoly. The gap between market sentiment and the company’s actual business performance has reached an extreme. Therefore, now is the best time to buy. Key management points that the market is overlooking: Absolute pricing power: IREN has just renewed its old H100 clusters for a multi-year term at a price twice as high as the original. New 5-year contracts are being signed at $22M/MW (short-term contracts exceed $40M/MW), with customers prepaying 90% of GPU CapEx. This sets a strong benchmark for returns on the scarce Vera Rubin chips. Immunity to debt risks: Unlike competitors with 20-year data center lease commitments, IREN owns the land, 5 GW of power capacity, and $6B (rising to $10B by June) worth of data centers, built with cash and no debt. Two-thirds of its backlog, totaling over $20B, comes from giants like $MSFT. The Microsoft Factor and the $4 B ARR Shift: The target date shift to January–February 2027 was driven by a request from MSFT itself to upgrade its network to support the latest frontier models. At the same time, Horizon 1 was delivered in 14 months, compared to the industry standard of 18 months. Capital discipline: Adjusting the remaining CapEx to $15B is a move made from a position of strength. The $6B requirement is covered by $12–15B in non-dilutive financing secured against net assets. My verdict: With an AI cloud gross margin of 86% and a GPU payback period of ~18 months, the market is mistakenly punishing IREN on par with over-leveraged intermediaries.

NeutralIRENIREN LIMITEDIREN LIMITEDCRWVCoreWeave, Inc.CoreWeave, Inc.NBISNebius Group N.V.Nebius Group N.V.

4d ago on

$CRWV is gradually losing an institutional investor—Barclays Plc. While they are buying $NBIS and $IREN, their position in CRWV has been reduced by 60%. According to the report, the position consists of 1.785M shares worth $155.59M. The previous 13F filing indicated that Barclays held 4.466M shares of CRWV. In addition, 2.208M call options and 2.389M put options were purchased. Bookmark this page and subscribe so you don't miss our "smart money" analysis of other Neocloud players.

IRENIREN LIMITEDBullishIREN LIMITED

5d ago on

$IREN’s global turnaround has begun. The price is significantly undervalued given the company’s fundamental value. Growth potential of up to 300%. The 1W wave analysis confirms the completion of the latest 5th wave according to Elliott Wave theory. IREN’s quarterly report confirmed its global ambitions to become one of the largest players in the Neocloud sector (>35GW development pipeline). The market’s sharp pullback does not alter forecasts for capacity expansion and revenue growth. IREN’s price could rise to its ATH ($76.87). Wall Street confirms its price target of $75.42. Bookmark this page and subscribe so you don't miss the next IREN analysis.