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Springbok Finance

Thematic research and stock deep dives. Finding outliers in a sea of noise.

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Issues7Founded3 months agoLast Issue18 days ago
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Latest Issues

IREN ($IREN) Q3FY26 earnings update

IREN Q3 FY26 — The Numbers Are Noise. Read The Contracts.

A Springbok Finance post-earnings update. We keep the price target at $86/share.


The headline numbers look ugly. Do not let them fool you.

IREN reported Q3 FY26 revenue...

18 days ago
1

Deep Dive: IREN Limited ($IREN)

SPRINGBOK VERDICT

Rating: BUY

Current Price: $47 | Price Target: $86 | Upside: 83%

The Resignation

In 2018, two Australian brothers resigned from Macquarie Group - one of the world’s most prestigious infrastructure investment banks,...

a month ago
2

Offbeat: The world's most powerful information machine

The stock market is not just a place where people buy and sell shares.

It is the world’s largest information processing machine. And sometimes, it knows things that no official investigation, no government commission, and no public announc...

2 months ago
2

Thematic Research: Neoclouds

The Landlords of the AI Revolution

In 2022, if you wanted to train a large language model, you had two options. You could call Amazon, Microsoft, or Google and pay their prices, on their terms, with their infrastructure priorities ahead...

2 months ago
2

Micron ($MU) - Q2FY26 earnings update

We initiated coverage of Micron with a $606 price target. After Q2FY26 results, we have upgraded our price target to $683. You can read our initiating coverage report here

Updated Excel Model

The headline numbers:

Revenue came in at $23....

2 months ago
4
2

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  • Springbok Finance

    Thematic research and stock deep dives. Finding outliers in a sea of noise. Focus on fundamental analysis.

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