IREN Ltd. (NASDAQ:IREN) is a company that has recently caught the attention of investors and analysts alike. On October 14, 2025, BTIG set a new price target of $75 for IREN, which was trading at $64.14 at the time. This target suggests a potential increase of 16.93% from its current price, indicating optimism about the company's future performance.

The rise in IREN's stock price is partly due to the ongoing boom in artificial intelligence (AI). As highlighted by Shay Boloor, chief market strategist at Futurum Equities, IREN is considered a top "AI Utility" pick. This means it is well-positioned to benefit from the demand for infrastructure that supports AI technologies, such as data centers and GPU clusters.

IREN's stock has shown significant movement, with a recent increase of $4.37 or 7.31%. The stock has fluctuated between $61.79 and $67.79 today, reflecting investor interest. Over the past year, IREN's stock has reached a high of $70.05 and a low of $5.13, demonstrating its volatility and potential for growth.

The company's market capitalization stands at approximately $17.39 billion, indicating its substantial size in the market. With a trading volume of 44.98 million shares, IREN is actively traded, showing strong investor interest. The company's ability to secure multi-year contracts with major hyperscalers like Amazon, Microsoft, and Google further solidifies its position in the AI infrastructure space.