By David Moadel
Publication Date: 2026-11-10 18:02:00
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Wall Street keeps cutting its expectations for IREN (NASDAQ:IREN), and the selling hasn’t let up. IREN stock is at $19.34 in afternoon trading, down 10%. Over the past month, IREN stock is down 45%.
A run of price-target cuts followed IREN’s November 5 report for Q1 FY2027. The report pushed back the timeline for capacity the company is building for Microsoft (NASDAQ:MSFT | MSFT Price Prediction) and showed a large funding gap. Other crypto miners that have turned into AI data center operators are also lower on a risk-off day after October inflation data came in above forecasts.
Analyst Target Cuts Pile Up on IREN
Goldman Sachs cut its IREN price target to $30 from $50 and kept a Neutral rating on November 7. JPMorgan analyst Richard Choe lowered his target to $55 from $65 on November 9 and kept an Overweight rating. Cantor Fitzgerald…
