---
format: "aidr-story-markdown/v1"
id: "7d30a815ab078d23511b0dff7a800d02064efb318a98ba740cfc7b8ee337ed2f"
canonical_url: "https://aidr.today/7d30a815?lang=en"
title: "JPMorgan Double Upgrades IREN to Overweight With $65 Target on AI Cloud Demand"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
translation_fallback: null
fallback_fields: []
published_at: "2026-09-14T11:53:54.000Z"
category: "Industry"
topics: ["iren","cloud","funding","infra","chips"]
source_urls: ["https://marketbrief.now/ai/jpmorgan-double-upgrades-iren-to-overweight-with-65-target-on-ai-cloud-d-de5b33f7","https://huggingnews.com/ai/jpmorgan-double-upgrades-iren-to-overweight-with-65-target-on-ai-cloud-d-de5b33f7"]
summary: "The company increased its year end 2026 annual recurring revenue goal to $4 billion, up from $1 billion in current operating ARR. JPMorgan"
---

# JPMorgan Double Upgrades IREN to Overweight With $65 Target on AI Cloud Demand

> [Open the canonical story](<https://aidr.today/7d30a815?lang=en>)

**Published:** 2026-09-14T11:53:54.000Z
**Category:** Industry
**Topics:** iren, cloud, funding, infra, chips

## Summary

The company increased its year end 2026 annual recurring revenue goal to $4 billion, up from $1 billion in current operating ARR\. JPMorgan

## Sources

- [Story source](<https://marketbrief.now/ai/jpmorgan-double-upgrades-iren-to-overweight-with-65-target-on-ai-cloud-d-de5b33f7>)
- [Story source](<https://huggingnews.com/ai/jpmorgan-double-upgrades-iren-to-overweight-with-65-target-on-ai-cloud-d-de5b33f7>)