IREN Limited (NASDAQ:IREN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of IREN Limited (NASDAQ:IREN) have received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $69.3571.

IREN has been the topic of several analyst reports. Citizens Jmp started coverage on shares of IREN in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 price target on the stock. UBS Group reissued a “buy” rating on shares of IREN in a research note on Friday, November 7th. Wall Street Zen raised IREN from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of IREN in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, November 24th.

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Broad partnership/AI narrative: Coverage suggests a Microsoft-related deal or AI partnership could materially accelerate IREN’s cloud/AI ambitions and revenue mix, fueling upside expectations. Iren Stock Could Explode After This Microsoft Deal
• Positive Sentiment: Strategic repositioning: Reports highlight IREN’s shift from bitcoin-mining roots toward an AI/cloud growth story, which could increase addressable market and valuation multiples if execution continues. IREN Recasts Bitcoin Mining Roots Into AI Cloud Growth Story
• Positive Sentiment: Undervalued AI transition thesis: Analysis argues the market hasn’t fully priced IREN’s AI transition, implying further upside if adoption/scale materializes. IREN: Why The AI Transition Still Isn’t Fully Priced In
• Positive Sentiment: Short-term positive momentum: Shares had been rising into the company’s fiscal earnings event, suggesting some investors were positioning for a beat or positive guidance. IREN (IREN) shares jump ahead of upcoming fiscal earnings release
• Neutral Sentiment: Scheduled earnings event: The company announced a quarterly earnings release date that created headline risk and heightened short-term volatility around guidance and metrics. IREN (IREN) to Release Quarterly Earnings on Thursday
• Neutral Sentiment: Valuation discussion: Coverage assessing IREN’s valuation after recent mixed results offers both upside scenarios (AI/cloud) and downside risks, leaving near-term direction dependent on upcoming financials and execution. Assessing IREN (IREN) Valuation After Strong Earnings And Volatile Share Price Performance
• Negative Sentiment: Recent earnings miss and metrics: The company previously missed EPS expectations and reported mixed revenue/margin figures, which underpins today’s selling pressure and explains elevated volatility despite growth commentary. (Background earnings release and figures referenced in market reports.)

IREN Price Performance

IREN stock opened at $44.94 on Thursday. The company has a current ratio of 5.52, a quick ratio of 5.52 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $46.78 and a 200 day moving average price of $42.27. IREN has a 12-month low of $5.13 and a 12-month high of $76.87. The stock has a market cap of $12.74 billion, a P/E ratio of 23.16 and a beta of 4.27.

IREN (NASDAQ:IREN) last posted its earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.48). IREN had a net margin of 86.96% and a negative return on equity of 3.60%. The firm had revenue of $240.30 million during the quarter, compared to analyst estimates of $244.60 million. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. Sell-side analysts anticipate that IREN will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On IREN

Institutional investors and hedge funds have recently made changes to their positions in the stock. Centaurus Financial Inc. lifted its stake in IREN by 1.1% during the third quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock worth $1,477,000 after purchasing an additional 332 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of IREN by 26.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock valued at $75,000 after buying an additional 335 shares during the period. Miller Wealth Advisors LLC lifted its stake in IREN by 240.0% during the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Global Retirement Partners LLC acquired a new position in IREN during the 3rd quarter worth about $25,000. Finally, SLT Holdings LLC boosted its holdings in IREN by 6.0% during the 3rd quarter. SLT Holdings LLC now owns 10,600 shares of the company’s stock valued at $497,000 after acquiring an additional 600 shares during the period. 41.08% of the stock is owned by hedge funds and other institutional investors.

About IREN

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.