IREN (NASDAQ:IREN) Stock Price Target Cut by Cantor Fitzgerald

IREN (NASDAQ:IREN) had its price target dropped by investment analysts at Cantor Fitzgerald from $99.00 to $47.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price target would indicate a potential upside of 160.68% from the stock’s previous close.

Several other brokerages have also recently commented on IREN. Needham & Company LLC reaffirmed a “hold” rating on shares of IREN in a research report on Tuesday, July 21st. Citigroup restated a “market outperform” rating on shares of IREN in a research report on Friday, August 28th. The Goldman Sachs Group restated a “neutral” rating and set a $30.00 price objective on shares of IREN in a research report on Friday. Weiss Ratings downgraded IREN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, October 28th. Finally, Compass Point reaffirmed a “buy” rating and issued a $85.00 target price on shares of IREN in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, IREN presently has an average rating of “Moderate Buy” and a consensus target price of $72.15.

IREN Stock Performance

IREN stock opened at $18.03 on Friday. IREN has a 52 week low of $17.16 and a 52 week high of $75.79. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.80. The stock has a market cap of $7.10 billion, a P/E ratio of -7.71 and a beta of 4.33. The stock has a 50 day moving average of $36.25 and a 200-day moving average of $43.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IREN. Eurizon Capital SGR S.p.A. increased its stake in shares of IREN by 13.1% in the third quarter. Eurizon Capital SGR S.p.A. now owns 34,405 shares of the company’s stock valued at $1,406,000 after purchasing an additional 3,990 shares during the period. R Squared Ltd bought a new stake in shares of IREN during the third quarter valued at approximately $218,000. Nan Fung Trinity HK Ltd. acquired a new position in shares of IREN during the third quarter worth approximately $12,058,000. Jacobi Capital Management LLC acquired a new position in shares of IREN during the third quarter worth approximately $100,000. Finally, Machina Capital S.A.S. acquired a new position in shares of IREN during the third quarter worth approximately $1,278,000. Institutional investors own 41.08% of the company’s stock.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Fiscal Q1 2027 revenue rose 66% sequentially to $228 million, while AI Cloud revenue nearly tripled to about $200 million. IREN also reported a smaller-than-expected per-share loss and a 29% adjusted EBITDA margin. IREN Reports Q1 FY27 Results
• Positive Sentiment: The results offered evidence that IREN’s AI infrastructure transition is generating meaningful revenue, supporting investor interest in its growth prospects. IREN stock jumps as FQ1 net loss narrows, AI cloud revenue nearly triples
• Neutral Sentiment: Management’s plan to spend heavily on expansion—including a reported $15 billion investment push—could support long-term AI capacity, but also raises financing and execution questions. AI data center firm IREN delays Microsoft AI deliveries, plans $15 billion spending push
• Negative Sentiment: Some Microsoft-related AI infrastructure deliveries have been delayed, shifting IREN’s target of more than $4 billion in annualized revenue to January. Reports of project delays and tighter customer oversight raise concerns about the pace of future growth. Neocloud IREN says $4 billion in annualized revenue being delayed due to customer request
• Negative Sentiment: Bitcoin mining revenue reportedly fell 58%, while IREN recorded a $263 million net loss. Bitcoin weakness and broader selling in AI data-center stocks add pressure beyond the company’s execution challenges. IREN Stock Falls as Bitcoin Mining Revenue Drops and AI Expansion Accelerates

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to support energy-intensive computing applications, including bitcoin mining and artificial intelligence (AI) cloud services.

IREN’s operations are supported by company-owned electrical infrastructure, data centers and computing hardware. Its bitcoin mining business uses specialized application-specific integrated circuit (ASIC) machines, while its AI cloud offering is designed to provide access to advanced computing resources for AI development and other high-performance computing workloads.

Founded in 2018 and headquartered in Sydney, Australia, IREN has developed data center operations in North America, including facilities in British Columbia, Canada, and Texas.