IREN Limited (IREN) – What Are Brokerages Thinking About This Stock?

IREN Limited (NASDAQ:IREN) has been assigned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $64.57.

IREN has been the subject of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of IREN in a research note on Tuesday, July 21st. Rothschild & Co Redburn began coverage on IREN in a research report on Monday, September 21st. They set a “neutral” rating and a $40.00 price target on the stock. Citigroup reiterated a “market outperform” rating on shares of IREN in a report on Friday, August 28th. Sanford C. Bernstein reiterated an “outperform” rating and set a $100.00 price objective on shares of IREN in a report on Thursday, August 13th. Finally, BTIG Research restated a “buy” rating on shares of IREN in a research note on Friday, November 6th.

Hedge Funds Weigh In On IREN

Institutional investors have recently modified their holdings of the stock. Situational Awareness LP increased its holdings in IREN by 34.5% in the 1st quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock worth $401,036,000 after acquiring an additional 2,998,214 shares in the last quarter. Bank of America Corp DE increased its stake in IREN by 58.4% during the 1st quarter. Bank of America Corp DE now owns 2,138,619 shares of the company’s stock worth $73,312,000 after buying an additional 788,547 shares in the last quarter. Swiss National Bank purchased a new stake in IREN during the 1st quarter worth approximately $33,032,000. Banco Santander S.A. raised its stake in IREN by 1.7% in the 3rd quarter. Banco Santander S.A. now owns 903,037 shares of the company’s stock valued at $36,916,000 after purchasing an additional 14,791 shares during the last quarter. Finally, Amundi lifted its holdings in IREN by 3,865.8% in the 1st quarter. Amundi now owns 845,113 shares of the company’s stock valued at $28,970,000 after purchasing an additional 823,803 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

IREN Stock Performance

NASDAQ:IREN opened at $20.84 on Friday. The stock has a 50-day simple moving average of $34.92 and a two-hundred day simple moving average of $43.10. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market capitalization of $8.21 billion, a PE ratio of -5.11 and a beta of 4.33. IREN has a 52-week low of $17.16 and a 52-week high of $70.71.

IREN (NASDAQ:IREN) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.06. IREN had a negative net margin of 194.36% and a negative return on equity of 16.36%. The company had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $228.26 million. Analysts forecast that IREN will post 0.64 EPS for the current year.

Top IREN Stories

Investors following IREN have been watching these stories:

• Positive Sentiment: Recent coverage points to rapid growth in IREN’s AI-cloud business, including reported revenue growth of 182% quarter over quarter to $200 million and progress on the first phase of its Microsoft data-center project. JPMorgan has also expressed a bullish view, while another article argues the share-price decline may not reflect strengthening fundamentals. IREN Stock Falls Even as JPMorgan Goes Bullish 1 Unstoppable AI Stock to Buy Hand Over Fist Before the Next Leg Higher
• Neutral Sentiment: Analyst views are mixed: JPMorgan’s Buy stance contrasts with reports of reduced price expectations and other firms’ rating cuts. That disagreement may contribute to volatility as investors weigh growth prospects against execution risks.
• Negative Sentiment: IREN’s $4 billion annualized-revenue-run-rate target has reportedly slipped to early 2027, prompting a downgrade and renewed concern about the timing of growth. CCB International also cut its rating from “outperform” to “neutral.” IREN Stocks Fall as Rating Cut Follows Slip in $4 Billion ARR Target CCB International rating information

About IREN

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs. Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas. IREN has emphasized developing facilities with access to renewable energy.