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Three Brokerages Lower IREN Price Targets After AI Cloud Revenue Jump

Brokerages Cantor Fitzgerald, Macquarie, and HC Wainwright lowered IREN's price targets to $47, $55, and $56, respectively, citing adjusted EBITDA estimates and valuation multiples. IREN reported $228M in Q1 2027 revenue, up 66%, with AI Cloud revenue at $200M, up 182%. Bitcoin mining revenue fell to $28M. Goldman Sachs also cut its target to $30.

Original reporting
econotimes.com
Published Nov 9, 2026, 4:10 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 9, 2026, 5:21 PM UTC. Informational, not investment advice.
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Three Brokerages Lower IREN Price Targets After AI Cloud Revenue Jump — source image
Source · econotimes.com
Decision brief

The 30-second read

Med
01

Why it matters

Analyst target reductions reflect concerns over earnings sustainability and margin pressure, though AI Cloud growth remains strong.

02

Market read

The earnings release and subsequent target cuts provide a clear short‑term bearish signal for IREN, with limited broader market impact.

03

What to watch

Backlog of $20.3 bn and two‑thirds tied to investment‑grade counterparties may provide revenue stability.

Relevance 7/10Novelty 7/10Timing: today

Background

IREN reported its fiscal Q1 2027 results, highlighting a 66% revenue increase and a 182% sequential jump in AI Cloud revenue.

Market effects

Sector

AI cloud growth may benefit competing data‑center providers, but the sharp target cuts could dampen sector sentiment.

Regional

European data‑center stocks could see modest pullback as investors reassess earnings forecasts.

Global

Limited; primarily affects IREN and peers in the data‑center/AI cloud niche.

Counterpoint

What could challenge this read

The rapid AI Cloud revenue expansion could signal a longer‑term growth runway despite short‑term target cuts.

Key entities

  • Brokerage
    Cantor Fitzgerald

    Reduced IREN price target to $47.

  • Brokerage
    Macquarie

    Reduced IREN price target to $55.

  • Brokerage
    HC Wainwright

    Reduced IREN price target to $56.

  • Brokerage
    Goldman Sachs

    Reduced IREN price target to $30.

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