IREN (NASDAQ:IREN) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of IREN (NASDAQ:IREN) in a report released on Thursday, Marketbeat reports. The brokerage issued a neutral rating and a $39.00 price target on the stock.

A number of other equities analysts have also issued reports on IREN. HC Wainwright upped their target price on IREN from $45.00 to $56.00 and gave the company a “sell” rating in a research report on Tuesday, November 4th. Compass Point reaffirmed a “buy” rating and issued a $105.00 price target on shares of IREN in a report on Friday, November 7th. Citizens Jmp initiated coverage on shares of IREN in a report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 price objective for the company. Zacks Research raised shares of IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Finally, B. Riley reaffirmed a “buy” rating on shares of IREN in a research report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.64.

IREN Stock Up 11.5%

Shares of NASDAQ IREN opened at $39.92 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52. IREN has a 1 year low of $5.13 and a 1 year high of $76.87. The stock’s 50-day simple moving average is $52.41 and its 200-day simple moving average is $34.06. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 20.58 and a beta of 4.23.

Institutional Investors Weigh In On IREN

Several institutional investors and hedge funds have recently bought and sold shares of IREN. Charles Schwab Investment Management Inc. boosted its stake in IREN by 13.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 809,080 shares of the company’s stock valued at $4,927,000 after acquiring an additional 98,190 shares during the period. Wellington Management Group LLP lifted its holdings in shares of IREN by 11.7% in the 1st quarter. Wellington Management Group LLP now owns 13,212 shares of the company’s stock worth $80,000 after purchasing an additional 1,387 shares during the last quarter. CW Advisors LLC bought a new stake in shares of IREN in the 1st quarter worth approximately $122,000. Aurelius Capital Management LP acquired a new position in IREN during the 1st quarter valued at approximately $311,000. Finally, Ieq Capital LLC bought a new position in IREN during the 1st quarter worth $2,876,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Major contract & capital raise bolster growth outlook — Seeking Alpha highlights a potential $9.7 billion Microsoft contract, IREN’s target of ~$3.4B ARR by 2026 while using only a fraction of its power pipeline, and a recent $4B capital raise to fund GPUs and buildout. These are clear catalysts supporting revenue visibility and execution of AI data-center demand. IREN: Big Contract Catalyst
• Positive Sentiment: Analyst upgrade reduces near-term downside risk — Zacks moved IREN from “strong sell” to “hold,” which may help stabilize investor sentiment after recent volatility and supports the stock’s recovery narrative. Zacks upgrade coverage
• Neutral Sentiment: Goldman Sachs starts coverage with a neutral rating and $39 PT — initiation is not a buy and implies limited upside from current levels, so it likely tempers some of the upside from operational catalysts without adding fresh conviction. Goldman Sachs initiation
• Negative Sentiment: Analyst omission drove near-term selling pressure — A broader data-center analyst report named two preferred buys and left IREN off the top picks list, contributing to recent weakness as momentum players rotated to favorites. This explains some of the intraweek clobbering noted in coverage. Why Iren Stock Was Getting Clobbered This Week

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.