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This Analyst Is Warning that a Popular AI Data Center Stock Could Plunge More Than 30% from Here

IREN’s (IREN) bull run came to a halt in October, and the stock has been volatile since. Even though the stock still has potential, Wall Street opinions can often spook investors. Something similar is happening with IREN stock right now as H.C. Wainwright downgraded the stock to “Sell.” The firm’s analyst, Mike Colonnese, raised the target price from 36to36 to 45, which would still be a roughly 30% drop from current levels, but took away the previous “Buy” rating and issued a “Sell” in its place. The downgr ...