IREN Limited (NASDAQ:IREN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of IREN Limited (NASDAQ:IREN) have been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $82.3571.

Several analysts recently weighed in on IREN shares. JPMorgan Chase & Co. lifted their target price on shares of IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a report on Monday, May 11th. The Goldman Sachs Group set a $50.00 price target on IREN in a research note on Wednesday, May 27th. Sanford C. Bernstein set a $96.00 price target on IREN in a research report on Thursday, June 4th. BTIG Research lifted their target price on IREN to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Weiss Ratings lowered IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday.

Institutional Investors Weigh In On IREN

Several institutional investors have recently modified their holdings of the company. Miller Wealth Advisors LLC boosted its stake in IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after acquiring an additional 480 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in shares of IREN in the 4th quarter worth $26,000. Clearstead Trust LLC acquired a new stake in IREN in the fourth quarter valued at about $27,000. Aventura Private Wealth LLC purchased a new stake in shares of IREN in the fourth quarter valued at approximately $28,000. Finally, Motco purchased a new stake in shares of IREN during the 4th quarter worth $30,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN Trading Down 1.4%

IREN stock traded down $0.58 during mid-day trading on Friday, hitting $41.14. 29,984,138 shares of the company were exchanged, compared to its average volume of 35,716,524. IREN has a 12-month low of $14.72 and a 12-month high of $76.87. The firm has a market capitalization of $14.70 billion, a P/E ratio of 85.71 and a beta of 4.27. The business has a fifty day simple moving average of $54.14 and a 200-day simple moving average of $47.74. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44.

IREN (NASDAQ:IREN) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). IREN had a net margin of 20.90% and a negative return on equity of 13.13%. The company had revenue of $144.79 million during the quarter, compared to analysts’ expectations of $219.69 million. On average, equities research analysts predict that IREN will post -1.25 earnings per share for the current fiscal year.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Bernstein reiterated a Buy rating on IREN and assigned a $100 price target, reinforcing a bullish view on the company’s AI/data center growth prospects. Article: Bernstein Reiterates Buy Rating on Iren Limited (IREN)
• Positive Sentiment: Freedom Capital reportedly upgraded IREN to Buy from Hold, adding to the recent wave of bullish analyst sentiment. Article: Bernstein Reiterates Buy Rating on Iren Limited (IREN)
• Positive Sentiment: Market commentary continues to favor IREN as an AI infrastructure and bitcoin-mining-to-AI conversion story, which has supported investor interest in the stock. Article: CRWV, NBIS, IREN: Why Neocloud Stocks Bounced Back on 7/8/26
• Neutral Sentiment: Short-interest data showed 0 shares reported, offering no meaningful new signal for traders.
• Neutral Sentiment: Recent articles also discussed new C-suite hires and a larger RSU award for co-CEOs, but these headlines are more about execution and governance than an immediate fundamental change. Article: IREN chair defends large RSU grants to co-CEOs as retention measure through 2033
• Negative Sentiment: Some recent commentary argued that IREN may already be fully valued after a huge multi-year rally, raising concerns that the stock could be vulnerable if growth expectations cool. Article: IREN (IREN) Stock Looks Fully Valued On Its Very Large 3 Year Run
• Negative Sentiment: Governance-related headlines around RSU grants to co-founders/co-CEOs have also created some investor unease and may be weighing on sentiment. Article: IREN Stock Drops as Chair Defends Stock Award to Co-Founders

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.