IREN (NASDAQ:IREN) Lowered to Sell Rating by Wall Street Zen

IREN (NASDAQ:IREN) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Monday.

Other equities analysts also recently issued research reports about the company. Roth Capital set a $94.00 price target on IREN and gave the stock a “buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $75.00 price objective on shares of IREN in a research report on Thursday, September 25th. HC Wainwright increased their target price on shares of IREN from $45.00 to $56.00 and gave the stock a “sell” rating in a report on Tuesday, November 4th. Compass Point reaffirmed a “buy” rating and issued a $105.00 target price on shares of IREN in a research report on Friday, November 7th. Finally, Arete Research initiated coverage on shares of IREN in a research report on Wednesday, September 24th. They set a “buy” rating and a $78.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, IREN has an average rating of “Moderate Buy” and an average target price of $67.64.

IREN Stock Up 11.5%

IREN stock opened at $39.92 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.52 and a quick ratio of 5.52. The stock has a market capitalization of $11.32 billion, a P/E ratio of 20.58 and a beta of 4.23. IREN has a fifty-two week low of $5.13 and a fifty-two week high of $76.87. The business has a 50-day moving average of $52.41 and a 200-day moving average of $34.24.

Hedge Funds Weigh In On IREN

Institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in IREN in the third quarter valued at $25,000. Quarry LP acquired a new position in shares of IREN during the 1st quarter worth about $40,000. Allianz SE bought a new stake in shares of IREN in the 3rd quarter valued at about $57,000. Sherman Asset Management Inc. acquired a new stake in IREN in the 3rd quarter valued at about $59,000. Finally, Advisors Asset Management Inc. lifted its stake in IREN by 68.4% in 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 during the last quarter. 41.08% of the stock is currently owned by institutional investors and hedge funds.

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.