🔴 IREN is trading 4.6% down today amid crypto pullback and Bernstein price target cut

IREN is trading at $46.11 (-4.6%) in pre-market as a broader crypto pullback and a Bernstein price target cut pressure the Bitcoin miner.

• The decline tracks a retreat in major digital assets, with BTC down 0.60% and ETH down 0.55% since the last close.
• Bernstein lowered its price target for the stock yesterday, though the firm continues to maintain IREN as a top pick.
• The stock closed at $48.36 on April 27. [Hero News ID: 69ef80e38b89cf4932f940c1]