IREN Limited (NASDAQ:IREN) is one of the 10 Best Growth Stocks With Highest Upside Potential.
On July 6, 2026, Freedom Capital upgraded IREN Limited (NASDAQ:IREN) to Buy from Hold with an unchanged price target of $58
The firm said the shares have fallen with peers, creating “enough upside” to warrant a higher rating. Freedom Capital said the IREN story is “all about adding supply on schedule over the next two years” and continued to forecast revenue to “explode” from $717M this year to $3.1B in FY27 and $8.5B in FY28. On July 2, IREN announced the appointments of Kambiz Aghili as chief product officer and Michael Nudelman as chief development officer.
Aghili will lead product strategy and the roadmap for IREN’s AI Cloud platform, including its bare metal GPU offering, managed services, and broader product capabilities. Aghili joins from Oracle Cloud Infrastructure, where Aghili served as Vice President of Products. Nudelman will lead IREN’s global data center development strategy and the expansion of its 5GW secured grid-connected power portfolio across existing and new markets.