IREN Limited (NASDAQ:IREN – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-two research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned 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 a report on the stock in the last year is $81.13.
A number of research firms recently weighed in on IREN. BTIG Research restated a “buy” rating and issued a $80.00 price target on shares of IREN in a report on Monday, September 14th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of IREN in a research note on Monday, July 20th. HC Wainwright reaffirmed a “buy” rating and set a $90.00 price objective on shares of IREN in a report on Friday, August 28th. Rothschild & Co Redburn initiated coverage on IREN in a report on Monday, September 21st. They set a “neutral” rating and a $40.00 price objective for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IREN in a research report on Tuesday, July 21st.
Read Our Latest Analysis on IREN
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Activest Wealth Management grew its stake in IREN by 13.0% in the 3rd quarter. Activest Wealth Management now owns 12,391 shares of the company’s stock valued at $507,000 after acquiring an additional 1,425 shares during the last quarter. WealthPlan Investment Management LLC raised its position in IREN by 3.7% during the third quarter. WealthPlan Investment Management LLC now owns 11,190 shares of the company’s stock worth $457,000 after acquiring an additional 404 shares during the last quarter. Truefg LLC raised its position in IREN by 9.0% during the third quarter. Truefg LLC now owns 10,873 shares of the company’s stock worth $444,000 after acquiring an additional 900 shares during the last quarter. Mather Group LLC. raised its position in IREN by 13.4% during the third quarter. Mather Group LLC. now owns 4,096 shares of the company’s stock worth $167,000 after acquiring an additional 483 shares during the last quarter. Finally, Sax Wealth Advisors LLC acquired a new position in IREN during the third quarter worth about $302,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.
IREN Price Performance
IREN stock opened at $30.39 on Tuesday. The firm has a 50 day moving average of $41.35 and a 200-day moving average of $45.50. IREN has a 12-month low of $26.60 and a 12-month high of $76.87. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.80. The company has a market cap of $11.98 billion, a price-to-earnings ratio of -12.99 and a beta of 4.26.
IREN News Roundup
Here are the key news stories impacting IREN this week:
- Positive Sentiment: IREN reportedly reached a multiyear agreement with Anthropic, a development that could strengthen its AI-data-center customer base and provide greater revenue visibility. The report remains unconfirmed, so investors may be waiting for contract details. IREN shares rose on reports of a multiyear deal with Anthropic
- Positive Sentiment: Analyst Dan Ives characterized the selloff in neocloud companies, including IREN, as a potential buying opportunity, supporting the view that the market reaction may be excessive if AI demand remains strong. Neocloud Stock Selloff Offers a Clear Buying Opportunity
- Positive Sentiment: IREN is expanding liquid-cooling technology across its AI data centers, which could increase computing density and revenue per megawatt as it shifts away from cryptocurrency mining. IREN Expands Liquid Cooling Across AI Data Centers
- Neutral Sentiment: IREN proposed a 900-megawatt data-center campus near Wagga Wagga, Australia, potentially lifting its Australian development pipeline to about 1.7 gigawatts. However, the project lacks secured interconnection and would be built over six to eight years, making it a long-term option rather than near-term revenue. IREN proposes 900 MW Redbank data center
- Negative Sentiment: Market concerns intensified after warnings that many neocloud providers may not remain independent, rising CoreWeave bond yields, a shelved AI data-center IPO and broader concerns about debt-funded AI infrastructure. These developments raise questions about IREN’s access to capital and customer economics. Why IREN Shares Are Falling
- Negative Sentiment: Analysts highlighted execution and financing risks associated with an estimated $25 billion to $30 billion of fiscal 2027 capital spending. Investors also remain focused on whether IREN can convert its reported backlog and major AI contracts into profitable cash flow. IREN Limited’s AI Pivot Gains Traction
About IREN
IREN Limited, formerly known as Iris Energy Limited, is a data center company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to use renewable energy and provides the infrastructure needed for energy-intensive digital workloads.
IREN’s operations include bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including graphics processing units (GPUs), for applications such as machine learning and other computational workloads.
Featured Stories
- Five stocks we like better than IREN
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for IREN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IREN and related companies with MarketBeat.com's FREE daily email newsletter.
