IREN stock prediction: $27.22 bull, $9.48 bear
By Tobi Opeyemi Amure
AI summary of the source article
IREN Limited reported revenue of $228 million and a net loss of $263 million for the quarter ended 30 September 2026. The company also shifted its targeted annualized run-rate of over $4 billion from year-end 2026 into early 2027.
Key facts
- For the quarter ended 30 September 2026, total revenue was $228 million, with AI cloud generating $200 million, bitcoin mining $28 million, and a net loss of $263 million.
- IREN rescheduled its targeted annualized run-rate of more than $4 billion from year-end 2026 to 31 January 2027, with possible extension to late February 2027.
- Out of $15 billion in remaining planned fiscal 2027 capital spending, $6 billion is subject to market conditions.
Source excerpt · FinanceFeeds
The slide in IREN is being read as a cancelled Microsoft book. It is not. IREN Limited ordinary shares closed at $19.73 on Tuesday 10 November 2026, the last completed session on the Nasdaq Global Select Market. The house path through the 31 December 2026 close is a bull of $27.22, a base of $14.45, and a bear of $9.48. Those prices use the last 90 daily log returns and 35 sessions still left in 2…