IREN Stock Suffers as Missed Estimates and Massive Expansion Plans Spark Investor Skepticism

IREN's stock has taken a hit after missing quarterly estimates and announcing a massive $25 billion to $30 billion capital expenditure plan for fiscal 2027. The company, which has been transitioning from Bitcoin mining to AI cloud services, reported revenue of $137.2 million in the fourth quarter of fiscal 2026, short of the consensus estimate of $157.14 million.

The adjusted loss per share of $0.41 was also wider than analysts had predicted. The stock fell to €30.80 after the announcement and has continued to decline, with a total drop of 55 percent from its 52-week high of €68.61.

Despite the miss, several research houses reaffirmed their bullish stances on IREN, maintaining 'Overweight' or 'Buy' ratings with price targets ranging from $90.00 to $99.00.