IREN Limited stock slides 2% amid mixed analyst ratings

IREN Limited (NASDAQ: IREN) fell 2.1% on Monday, trading as low as $34.88 and closing at $36.29, with volume about 19% below its average. Analysts issued a range of opinions: Needham & Company reaffirmed a "hold" rating, Weiss Ratings downgraded the stock to "sell," Goldman Sachs maintained a "neutral" stance, Cantor Fitzgerald raised its price target to $99 and labeled the stock "overweight," while Compass Point kept a "buy" rating.

The company, recently highlighted for a $2.8 billion AI contract, has a market cap of roughly $13 billion, a PE ratio of 75.6, and reported a quarterly loss of $0.25 per share, missing consensus estimates. Revenue for the quarter was $144.79 million, below the forecast of $219.69 million. Technical analysts noted a projected impulsive wave pattern that could drive further price movement.

These developments place IREN in focus for investors monitoring both its AI partnership traction and ongoing valuation debates.