Meitav Investment House Ltd. Takes Position in IREN Limited $IREN

Meitav Investment House Ltd. bought a new position in IREN Limited (NASDAQ:IREN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 320,000 shares of the company’s stock, valued at approximately $14,977,000.

Other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in IREN in the third quarter valued at approximately $25,000. Advisors Asset Management Inc. raised its holdings in shares of IREN by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock valued at $66,000 after purchasing an additional 1,839 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of IREN in the 3rd quarter valued at $74,000. SLT Holdings LLC bought a new stake in IREN in the second quarter worth $146,000. Finally, Foundations Investment Advisors LLC bought a new stake in IREN in the second quarter worth $146,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: HC Wainwright upgraded IREN to a “Buy” with an $80 price target; the upgrade and associated investor notes helped lift sentiment and trading interest. HC Wainwright Upgrades IREN to Buy
• Positive Sentiment: Zacks highlights IREN’s vertically integrated AI cloud (noting an 85% EBITDA Microsoft deal, lower power costs and improving margins) — this underpins a path to higher profitability and supports a re-rating if execution continues. Can IREN’s Vertically Integrated AI Cloud Platform Lift Profitability?
• Positive Sentiment: Multiple outlet pieces (Zacks, MarketBeat) put IREN among AI/GPU infrastructure names gaining momentum, reinforcing the narrative that IREN is a beneficiary of rising GPU-as-a-service demand. 3 Beaten Down AI Stocks Gaining Momentum (IREN, NBIS, CRWV)
• Positive Sentiment: Social and retail interest spiked — IREN topped X’s most-searched cashtags, signaling higher retail/institutional attention that can amplify moves on positive news. Bitcoin miner IREN tops X’s most searched cashtags
• Neutral Sentiment: MarketBeat ranked IREN among the top GPU-as-a-service providers for 2026 but noted it’s “not the best” — owns data centers and has hyperscaler deals, yet client concentration and competition are concerns (mixed implication). The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Coverage comparing IREN to peers (e.g., HUT 8) emphasizes IREN’s renewable-powered, vertically integrated platform and AI focus as differentiation during BTC volatility — a strategic narrative supportive of longer-term upside. IREN or HUT: Which Bitcoin Infrastructure Stock Should You Bet On?
• Negative Sentiment: HC Wainwright’s models show mixed near-term revisions — several Q2–Q4 2026 estimates and FY2026 were trimmed (increasing near-term EPS risk), even as FY2027 estimates were improved. That divergence highlights execution and timing risk for profitability. MarketBeat IREN coverage (HC Wainwright estimates)
• Positive Sentiment: Local/foreign press pieces note a strategic shift from pure bitcoin mining toward AI infrastructure — if sustained, this re-positioning could command higher multiples tied to AI demand vs. cyclical BTC exposure. Iren’s Strategic Shift: From Bitcoin Mining to AI Infrastructure

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IREN shares. Wall Street Zen raised IREN from a “sell” rating to a “hold” rating in a research report on Saturday. Canaccord Genuity Group boosted their target price on IREN from $42.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 10th. B. Riley reiterated a “buy” rating on shares of IREN in a report on Wednesday, October 22nd. Macquarie raised their price objective on shares of IREN to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Compass Point reaffirmed a “buy” rating and set a $105.00 target price on shares of IREN in a research report on Friday, November 7th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, IREN has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

IREN Stock Performance

IREN opened at $57.72 on Friday. The stock’s 50 day simple moving average is $45.28 and its 200-day simple moving average is $38.81. The company has a current ratio of 5.52, a quick ratio of 5.52 and a debt-to-equity ratio of 0.34. The stock has a market cap of $16.36 billion, a PE ratio of 29.75 and a beta of 4.25. IREN Limited has a 1 year low of $5.13 and a 1 year high of $76.87.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The business had revenue of $240.30 million for the quarter, compared to analyst estimates of $244.60 million. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. Sell-side analysts forecast that IREN Limited will post 0.43 EPS for the current year.

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.