IREN Limited (NASDAQ:IREN – Free Report) – Research analysts at HC Wainwright reduced their FY2026 EPS estimates for shares of IREN in a report issued on Friday, May 8th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn ($1.71) per share for the year, down from their prior estimate of ($1.12). HC Wainwright has a “Buy” rating and a $85.00 price target on the stock. The consensus estimate for IREN’s current full-year earnings is ($0.80) per share. HC Wainwright also issued estimates for IREN’s Q4 2026 earnings at ($0.31) EPS, Q1 2027 earnings at ($0.59) EPS, Q2 2027 earnings at ($0.86) EPS, Q3 2027 earnings at $0.18 EPS, Q4 2027 earnings at ($0.14) EPS and FY2027 earnings at ($1.41) EPS.
Other analysts also recently issued research reports about the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $44.00 price objective on shares of IREN in a research report on Friday. BTIG Research increased their price objective on shares of IREN to $80.00 and gave the company a “buy” rating in a research report on Friday. B. Riley Financial reaffirmed a “buy” rating on shares of IREN in a research report on Friday, February 6th. Cantor Fitzgerald lowered their price objective on shares of IREN to $61.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Freedom Capital raised shares of IREN to a “hold” rating in a research report on Wednesday, April 1st. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, IREN presently has a consensus rating of “Moderate Buy” and an average price target of $71.77.
IREN Stock Down 9.9%
Shares of NASDAQ:IREN opened at $55.15 on Tuesday. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 1.51. IREN has a 52-week low of $7.29 and a 52-week high of $76.87. The company has a 50 day moving average of $43.16 and a two-hundred day moving average of $46.73. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 114.90 and a beta of 4.17.
IREN (NASDAQ:IREN – Get Free Report) last posted its 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). The business had revenue of $144.80 million for the quarter, compared to analyst estimates of $219.69 million. IREN had a negative return on equity of 13.49% and a net margin of 20.90%.
Hedge Funds Weigh In On IREN
Several institutional investors and hedge funds have recently made changes to their positions in IREN. Invesco Ltd. boosted its stake in shares of IREN by 45.9% during the 2nd quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock valued at $43,341,000 after buying an additional 936,333 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of IREN during the 2nd quarter valued at approximately $158,000. NewEdge Advisors LLC boosted its stake in shares of IREN by 245.0% during the 2nd quarter. NewEdge Advisors LLC now owns 43,281 shares of the company’s stock valued at $631,000 after buying an additional 30,736 shares during the last quarter. Sei Investments Co. purchased a new position in shares of IREN during the 2nd quarter valued at approximately $2,333,000. Finally, Peapack Gladstone Financial Corp boosted its stake in shares of IREN by 30.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 18,200 shares of the company’s stock valued at $265,000 after buying an additional 4,200 shares during the last quarter. 41.08% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting IREN
Here are the key news stories impacting IREN this week:
- Positive Sentiment: IREN said demand for its convertible notes was strong enough to upsizes the offering to $2.6 billion from $2 billion, suggesting investors were willing to fund its AI/data-center expansion. The notes carry a low 1.00% coupon and a 32.5% conversion premium, which can be viewed as favorable financing terms. Article Title
- Positive Sentiment: The company’s recent $3.4 billion Nvidia AI infrastructure deal continues to support the bullish case for IREN, reinforcing its pivot from bitcoin mining toward higher-growth AI cloud and data-center services. Article Title
- Neutral Sentiment: JPMorgan raised its price target on IREN to $46 from $39, but kept an Underweight rating, signaling skepticism even after acknowledging more upside than before. Article Title
- Neutral Sentiment: Some commentary says the stock’s pullback reflects investors reassessing the cost of IREN’s AI buildout and the new debt load, rather than a change in the long-term AI strategy. Article Title
- Negative Sentiment: The enlarged convertible notes offering increases leverage and creates some dilution risk, which is why the market has also treated the financing announcement cautiously. Article Title
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.
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