Brokerages Set IREN Limited (NASDAQ:IREN) Target Price at $82.93

Posted by George Bondi on Sep 23rd, 2026

IREN Limited (NASDAQ:IREN – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $81.25.

Several equities research analysts have weighed in on IREN shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $100.00 price target on shares of IREN in a research report on Thursday, August 13th. Freedom Capital raised IREN from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $99.00 price target on shares of IREN in a research report on Friday, August 28th. Weiss Ratings downgraded IREN from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. raised IREN from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $65.00 in a report on Monday, September 14th.

View Our Latest Research Report on IREN

Hedge Funds Weigh In On IREN

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in IREN in the 4th quarter worth $158,677,000. Clear Street Group Inc. acquired a new position in IREN during the fourth quarter worth $137,075,000. Situational Awareness LP lifted its holdings in IREN by 34.5% during the first quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock valued at $401,036,000 after purchasing an additional 2,998,214 shares in the last quarter. Capital Research Global Investors purchased a new position in IREN during the fourth quarter valued at $38,730,000. Finally, Swiss National Bank acquired a new stake in shares of IREN in the first quarter valued at about $33,032,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN Trading Up 2.8%

Shares of IREN stock opened at $48.55 on Friday. The stock has a market cap of $19.13 billion, a PE ratio of -20.75 and a beta of 4.28. The firm has a fifty day moving average price of $40.82 and a 200 day moving average price of $45.66. IREN has a 1 year low of $28.93 and a 1 year high of $76.87. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

Positive Sentiment: IREN’s AI infrastructure strategy remains the primary bullish catalyst. The company has secured more than 5 gigawatts of power capacity and is developing a large pipeline supported by multibillion-dollar contracted annual recurring revenue, including agreements involving Microsoft and NVIDIA. IREN Expands Its 5GW+ Pipeline: Can Execution Match Ambition?
Positive Sentiment: New AI Cloud customers, improved pricing and efforts to reduce dependence on a small number of customers could diversify revenue and demonstrate pricing power as demand for AI computing grows. IREN Broadens Its AI Customer Base
Positive Sentiment: IREN also benefits from renewed Bitcoin strength because cryptocurrency mining remains part of its business. Recent coverage highlighted the combination of a Bitcoin rally and optimism about its AI data-center expansion. IREN Stock Surges on Bitcoin Rally and Bullish AI Infrastructure Outlook
Neutral Sentiment: Analyst and market commentary remains divided. IREN’s power assets, contracted revenue and long-term AI optionality are viewed favorably, but investors are waiting for evidence that the company can convert its pipeline into operating revenue and cash flow. IREN’s Energy Pipeline Optionality
Negative Sentiment: Rothschild & Co Redburn initiated coverage with a neutral rating and a $40 price target, implying downside from the stock’s recently cited trading level. Separately, concerns about GPU pricing pressure could weigh on neocloud valuations. Neocloud Stocks Fall Amid GPU Pricing Concerns
Negative Sentiment: Despite the bullish growth narrative, losses are expanding and the AI buildout will require substantial capital. Customer concentration, execution risk and the absence of meaningful realized AI revenue remain key risks to the investment case. CoreWeave vs. IREN

About IREN

(Get Free Report)

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on high-performance computing. The company develops and operates data centers powered by renewable energy and uses this infrastructure primarily for Bitcoin mining and, increasingly, artificial intelligence and other GPU-intensive cloud-computing applications.

IREN designs, builds and operates its own data centers, providing access to electrical power, computing hardware and related infrastructure.