What was the February 2026 IREN analyst rating change by Macquarie?

On **February 06, 2026**, Macquarie maintained an **Outperform** on IREN and lowered its price target to **$70** from **$95**. The firm kept a positive stance but reduced the valuation ceiling, per TheFly report.

How should I use the IREN analyst rating in my investment decisions?

Use the IREN analyst rating as one input. A maintained Outperform with a lower target shows ongoing conviction but less upside. Combine this signal with earnings, ARR progress, and Meyka’s A grade before acting.

Does the price target cut change consensus for IREN Limited?

Macquarie’s cut to **$70** sits below the MarketWatch average target of **$81.23**, but consensus remains mixed across **15** ratings. One firm’s change can shift sentiment but not immediately rewrite consensus.

Where can I find the source for Macquarie’s IREN analyst rating update?

The Macquarie note on IREN’s price target change was reported by TheFly on **February 06, 2026**. MarketWatch provides broader analyst estimates and consensus targets for IREN.

Analyst Ratings

Macquarie Maintains Outperform on IREN (IREN Limited) Feb 2026

ByDanny Kontos February 9, 2026February 9, 2026

The latest IREN analyst rating update arrived on February 06, 2026 when Macquarie maintained an Outperform on IREN (IREN Limited) while cutting its price target to $70 from $95. The headline appears in Macquarie’s note reported by TheFly and produced a modest intraday reaction. We place this change in context with consensus targets and recent company results. Meyka AI rates IREN with a grade of A, factoring S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. The market cap stands at $13,712,731,264 and investors should weigh the maintained conviction against the reduced upside implied by the new price target.