Iren Stock: Should You Buy After This 6% Dip?

TLDR

• Iren (IREN) stock fell 6.2% to $54.26 on Tuesday as U.S.-EU trade war concerns triggered a selloff in crypto-related stocks
• Trading volume jumped 11% above average with 44.9 million shares changing hands during the decline
• The stock remains up nearly 50% year-to-date despite Tuesday’s drop, following a 300% gain in 2025
• Wall Street analysts maintain a “Moderate Buy” rating with price targets ranging from $39 to $86
• Iren’s $9.7 billion Microsoft deal may not be fully priced into shares yet, according to H.C. Wainwright analyst

Iren Limited stock dropped 6.2% on Tuesday as geopolitical tensions rattled crypto-linked equities. The Bitcoin miner and data center operator closed at $54.26, down from Monday’s close of $57.82.

IREN Limited, IREN

The decline came as investors fled risk assets over escalating U.S.-EU trade tensions. Gold prices hit record highs as money flowed into safe havens.

Iren wasn’t alone in the selloff. Strategy dropped 8%, Galaxy Digital fell 6%, and both Coinbase and Circle Internet declined 5%. Competitors CoreWeave and Nebius slid 6% and 7% respectively.

Trading activity spiked during the decline. Volume reached 44.9 million shares, up 11% from the 40.5 million daily average.

Strong Year-to-Date Performance Despite Tuesday’s Weakness

Tuesday’s drop barely dents Iren’s 2026 performance. The stock jumped nearly 50% since January 1st. That follows a massive 300% surge throughout 2025.

H.C. Wainwright analyst Mike Colonnese sees more upside ahead. He called 2026 a “transformative year” for the company. Colonnese believes Iren’s recent $9.7 billion five-year Microsoft contract hasn’t fully reflected in the share price.

Goldman Sachs took a different view. The firm initiated coverage with a neutral rating and $39 price target. Goldman questioned the company’s growth potential beyond the Microsoft deal.

Financial Snapshot and Analyst Views

Iren carries a $15.38 billion market cap with a 27.97 price-to-earnings ratio. The company’s beta of 4.25 indicates high volatility.

Liquidity metrics look solid. Both the quick ratio and current ratio stand at 5.52. The debt-to-equity ratio sits at 0.34.

Recent earnings showed mixed results. The company posted a $0.34 per share loss for the quarter ending November 6th. That missed analyst estimates calling for $0.14 profit. Revenue came in at $240.30 million, up 28.3% year-over-year but slightly below the $244.60 million forecast.

Institutional investors hold 41% of outstanding shares. Several funds added positions in recent quarters.

Wall Street Maintains Positive Outlook

Analyst sentiment leans bullish despite Tuesday’s decline. Thirteen analysts rate the stock a “Buy,” five assign “Hold” ratings, and one recommends “Sell.”

The consensus rating stands at “Moderate Buy.” Price targets span from $39 to $86, with an average of $69.36. That implies roughly 28% upside from current levels.

Sanford C. Bernstein kept its “outperform” rating with a $75 target. Macquarie raised its target to $86. Arete Research started coverage with a “buy” rating and $78 price objective.

Zacks Research upgraded shares from “strong sell” to “hold” in December. Analysts project $0.43 earnings per share for the current fiscal year.

The stock’s 50-day moving average sits at $45.23, while the 200-day moving average is $39.26. Both indicators remain below Tuesday’s closing price, showing the stock trades above key technical levels despite the daily decline.

The post Iren Stock: Should You Buy After This 6% Dip? appeared first on Blockonomi.