Goldman Sachs cuts Irene target by 40%, maintains 'Neutral'
Original headline아이렌 목표가 40% 낮춘 골드만삭스, ‘중립’ 유지
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Goldman Sachs cut its price target on IREN ($IREN) by 40% to $30 from $50 while keeping a Neutral rating, citing a mix of AI cloud growth and data center investment/execution risks. The revision followed IREN's fiscal Q1 2027 results, which showed revenue of $228 million, up 66% quarter-over-quarter and above market expectations of $221–222 million. The target reflects the bank's valuation rather than an actual trading price. Investors will watch whether IREN's AI cloud momentum can offset the capital intensity and execution risk of its data center buildout.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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IREN, Goldman Sachs (GS)
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