IREN (NASDAQ:IREN) Downgraded to “Strong Sell” Rating by Wall Street Zen

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

Several other research analysts have also recently weighed in on the company. Compass Point restated a “buy” rating and set a $105.00 target price on shares of IREN in a report on Friday, November 7th. HC Wainwright upgraded IREN from a “sell” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, January 13th. Canaccord Genuity Group upped their target price on IREN from $42.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 10th. UBS Group reiterated a “buy” rating on shares of IREN in a report on Friday, November 7th. Finally, The Goldman Sachs Group started coverage on shares of IREN in a report on Thursday, December 18th. They issued a “neutral” rating and a $39.00 price objective for the company. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.29.

IREN Trading Up 5.1%

Shares of IREN opened at $41.83 on Friday. IREN has a 52-week low of $5.13 and a 52-week high of $76.87. The stock has a market cap of $11.86 billion, a PE ratio of 31.45 and a beta of 4.27. The firm’s fifty day moving average is $46.49 and its two-hundred day moving average is $42.42. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.45). The business had revenue of $184.69 million during the quarter, compared to analysts’ expectations of $229.64 million. IREN had a negative return on equity of 10.59% and a net margin of 56.59%.IREN’s quarterly revenue was down 23.1% compared to the same quarter last year. Research analysts forecast that IREN will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of IREN

Several institutional investors and hedge funds have recently bought and sold shares of IREN. Global Retirement Partners LLC acquired a new position in shares of IREN in the third quarter worth $25,000. Miller Wealth Advisors LLC raised its stake in shares of IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after acquiring an additional 480 shares in the last quarter. North Star Investment Management Corp. purchased a new position in IREN in the fourth quarter valued at $26,000. Aventura Private Wealth LLC purchased a new stake in IREN during the 4th quarter worth about $28,000. Finally, Motco acquired a new stake in IREN in the 4th quarter valued at about $30,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Large, low‑cost financing secured — IREN announced a $3.6 billion delayed‑draw term facility (tied to its AI buildout) plus strong cash and a Microsoft prepayment, reducing near‑term dilution risk and funding GPU purchases needed to execute the AI strategy. IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?
• Positive Sentiment: Strategic AI validation — IREN’s pivot toward AI cloud services (including the large Microsoft contract and related prepayment) supports a transition from volatile bitcoin revenue to recurring, lease‑style AI income. This is the main structural reason bulls remain interested. The Great Pivot: Bitcoin Miners Are Becoming AI’s Landlords (IREN)
• Neutral Sentiment: Operational timeline and assets — management reiterated large secured power capacity (multi‑GW portfolio), new campus developments (e.g., Oklahoma) and an energization timetable (Sweetwater) that, if met, enable faster GPU deployments but create execution risk. IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?
• Neutral Sentiment: Company disclosure resources — the full Q2 presentation and earnings‑call transcript are available for investors to audit management’s guidance and timing on GPU deployment. IREN Q2 2026 Earnings Call Transcript
• Negative Sentiment: Q2 headline miss — IREN reported revenue of ~$184.7M (down ~23% Q/Q) and a wider loss; results missed analyst revenue and EPS expectations and included large non‑cash charges (derivative revaluations, impairments) that hurt the print and triggered short‑term selling. IREN’s Q2 Loss Wider Than Expected, Revenues Decline Q/Q
• Negative Sentiment: Crypto headwinds and market reaction — lower bitcoin revenue and a broader selloff in crypto/A I‑adjacent names amplified the decline; some analysts (and Bernstein commentary) framed the pullback as driven by concerns about AI deal execution and lingering crypto exposure. Bernstein says IREN selloff reflects missing AI deal, not earnings

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.