Goldman Sachs keeps IREN at Neutral, cuts price target to $30
Photo: Crypto Briefing
The former Bitcoin miner beat revenue estimates on AI cloud growth, but Goldman is watching financing and execution risk Goldman Sachs is staying on the fence about IREN Ltd . (NASDAQ: IREN), and it just lowered the fence. On November 6, 2026, the bank reaffirmed its Neutral rating on the former Bitcoin miner. It also cut its price target from $50 to $30. That is a 40% haircut on Goldman’s view of fair value, delivered right after a quarter in which IREN beat revenue expectations. Analyst Michael Ng framed the call as a two-sided bet.
Source: Crypto Briefing
