IREN (NASDAQ:IREN) Stock Price Up 5.3% – Still a Buy?

IREN Limited (NASDAQ:IREN) shot up 5.3% during mid-day trading on Monday . The company traded as high as $43.52 and last traded at $42.04. 32,933,614 shares were traded during trading, an increase of 25% from the average session volume of 26,350,375 shares. The stock had previously closed at $39.92.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Large AI partnership upside — Coverage and commentary highlight IREN’s Microsoft AI deal and management’s push into recurring AI revenue, which supports higher long‑term revenue expectations and investor enthusiasm. Article Title
• Positive Sentiment: Wall‑street visibility improves — The Goldman Sachs initiation of research coverage can increase liquidity and analyst attention, often positive for mid‑cap/small‑cap stocks. Article Title
• Positive Sentiment: Pre‑market momentum — Barron’s cited IREN among premarket leaders, reflecting short‑term buying interest and momentum traders moving in. Article Title
• Neutral Sentiment: Analyst and market writeups synthesize valuation — Recent pieces (Yahoo/Sohu) revisit IREN’s valuation after the Microsoft deal and capital raises; they provide context but differ on net impact, so investors should review assumptions on AI revenue and dilution. Article Title
• Negative Sentiment: Capital raises and dilution concerns — Multiple reports warn that recent financing activity increases share count and could pressure per‑share metrics, a key risk for valuation. Article Title
• Negative Sentiment: Crypto revenue vulnerability — Lower Bitcoin prices reduce mining income; while management emphasizes AI recurring revenue (~$3.4B projection cited in analysis), near‑term crypto swings still pose earnings volatility. Read More.
• Negative Sentiment: Sector rumor risk — Oracle/AI rumor-driven selloffs have pulled IREN and peers around; high beta (~4.23) means the stock reacts strongly to sector headlines. Read More.

Analysts Set New Price Targets

Several research firms recently issued reports on IREN. BTIG Research raised their target price on shares of IREN from $32.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IREN in a report on Monday, December 15th. UBS Group reissued a “buy” rating on shares of IREN in a research report on Friday, November 7th. JMP Securities set a $80.00 price objective on IREN in a research note on Wednesday, November 19th. Finally, Wall Street Zen lowered shares of IREN from a “hold” rating to a “sell” rating in a report on Monday. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.64.

IREN Trading Up 5.3%

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 business has a fifty day moving average of $52.41 and a 200-day moving average of $34.24. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 21.67 and a beta of 4.23.

Hedge Funds Weigh In On IREN

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new stake in shares of IREN during the 3rd quarter worth about $25,000. Quarry LP acquired a new position in IREN in the first quarter worth approximately $40,000. Allianz SE acquired a new stake in IREN in the third quarter valued at approximately $57,000. Sherman Asset Management Inc. bought a new stake in IREN in the third quarter worth approximately $59,000. Finally, Advisors Asset Management Inc. increased its stake in shares of IREN by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock worth $66,000 after purchasing an additional 1,839 shares during the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

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.