IREN Limited (NASDAQ:IREN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of IREN Limited (NASDAQ:IREN) have received a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the company, 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 objective among analysts that have issued a report on the stock in the last year is $69.3571.

A number of research analysts have issued reports on IREN shares. Citigroup assumed coverage on shares of IREN in a report on Wednesday, November 19th. They issued an “outperform” rating on the stock. Canaccord Genuity Group upped their price objective on shares of IREN from $42.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 10th. The Goldman Sachs Group began coverage on shares of IREN in a research report on Thursday, December 18th. They set a “neutral” rating and a $39.00 target price on the stock. Macquarie lifted their target price on shares of IREN to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research raised IREN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th.

IREN Price Performance

IREN traded up $5.83 during midday trading on Friday, reaching $57.72. 53,785,723 shares of the company’s stock were exchanged, compared to its average volume of 28,431,436. IREN has a 1-year low of $5.13 and a 1-year high of $76.87. The stock has a market capitalization of $16.36 billion, a PE ratio of 29.75 and a beta of 4.25. 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’s 50-day moving average price is $45.28 and its 200 day moving average price is $38.81.

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

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: HC Wainwright upgraded IREN to a “Buy” with an $80 price target; the upgrade and associated investor notes helped lift sentiment and trading interest. HC Wainwright Upgrades IREN to Buy
• Positive Sentiment: Zacks highlights IREN’s vertically integrated AI cloud (noting an 85% EBITDA Microsoft deal, lower power costs and improving margins) — this underpins a path to higher profitability and supports a re-rating if execution continues. Can IREN’s Vertically Integrated AI Cloud Platform Lift Profitability?
• Positive Sentiment: Multiple outlet pieces (Zacks, MarketBeat) put IREN among AI/GPU infrastructure names gaining momentum, reinforcing the narrative that IREN is a beneficiary of rising GPU-as-a-service demand. 3 Beaten Down AI Stocks Gaining Momentum (IREN, NBIS, CRWV)
• Positive Sentiment: Social and retail interest spiked — IREN topped X’s most-searched cashtags, signaling higher retail/institutional attention that can amplify moves on positive news. Bitcoin miner IREN tops X’s most searched cashtags
• Neutral Sentiment: MarketBeat ranked IREN among the top GPU-as-a-service providers for 2026 but noted it’s “not the best” — owns data centers and has hyperscaler deals, yet client concentration and competition are concerns (mixed implication). The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Coverage comparing IREN to peers (e.g., HUT 8) emphasizes IREN’s renewable-powered, vertically integrated platform and AI focus as differentiation during BTC volatility — a strategic narrative supportive of longer-term upside. IREN or HUT: Which Bitcoin Infrastructure Stock Should You Bet On?
• Negative Sentiment: HC Wainwright’s models show mixed near-term revisions — several Q2–Q4 2026 estimates and FY2026 were trimmed (increasing near-term EPS risk), even as FY2027 estimates were improved. That divergence highlights execution and timing risk for profitability. MarketBeat IREN coverage (HC Wainwright estimates)
• Positive Sentiment: Local/foreign press pieces note a strategic shift from pure bitcoin mining toward AI infrastructure — if sustained, this re-positioning could command higher multiples tied to AI demand vs. cyclical BTC exposure. Iren’s Strategic Shift: From Bitcoin Mining to AI Infrastructure

Institutional Investors Weigh In On IREN

A number of institutional investors have recently bought and sold shares of the stock. Formidable Asset Management LLC increased its position in IREN by 24.4% during the fourth quarter. Formidable Asset Management LLC now owns 31,536 shares of the company’s stock worth $1,191,000 after purchasing an additional 6,186 shares during the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of IREN during the 4th quarter valued at $57,000. Spire Wealth Management increased its holdings in shares of IREN by 25.8% during the 4th quarter. Spire Wealth Management now owns 8,655 shares of the company’s stock worth $327,000 after buying an additional 1,775 shares during the last quarter. Avaii Wealth Management LLC raised its position in shares of IREN by 208.9% in the 4th quarter. Avaii Wealth Management LLC now owns 145,767 shares of the company’s stock worth $5,506,000 after buying an additional 98,581 shares during the period. Finally, Benin Management CORP purchased a new position in shares of IREN in the 4th quarter worth $211,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

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.