IREN (NASDAQ:IREN) Shares Down 6.2% – What’s Next?

IREN Limited (NASDAQ:IREN)’s stock price was down 6.2% during mid-day trading on Tuesday . The stock traded as low as $53.33 and last traded at $54.26. Approximately 44,898,614 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 40,487,785 shares. The stock had previously closed at $57.82.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Analyst coverage and corporate news note a material catalyst — a reported Microsoft AI cloud deal and subsequent analyst upgrades have improved near‑term sentiment and support higher valuation assumptions for IREN. Assessing IREN Valuation After Microsoft AI Cloud Deal And Analyst Upgrades
• Positive Sentiment: Bullish investor write‑up argues IREN’s AI pivot and rapid data‑center exposure make it a high‑upside play; a DCF valuation cited in the piece implies substantial upside versus current levels, which can attract value/AI‑growth buyers. Why I Am Buying IREN, The Nvidia Of Data Centers, During This Market Correction
• Positive Sentiment: Industry roundups that list IREN among top AI winners for 2026 can lift sentiment and broaden investor interest, especially from AI‑focused funds and retail investors hunting breakout names. 3 AI Stocks That May Be The Biggest Winners In 2026
• Negative Sentiment: A critical Seeking Alpha piece argues the AI-driven run may be topping out for IREN, warning of valuation risk, execution hurdles on capacity scaling and downside if AI demand softens—this type of analysis can prompt profit‑taking and heavier scrutiny from long investors. IREN: The AI Party Is Coming To An End
• Negative Sentiment: A viral Finbold article highlights a politician’s prior sale of IREN before a big surge, a narrative that can feed headlines about insider timing or governance concerns and elevate short‑term selling pressure from sentiment‑driven traders. U.S. politician suspiciously dumped this stock just before 40% surge

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on IREN shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of IREN in a report on Thursday, September 25th. Zacks Research upgraded shares of IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Arete Research initiated coverage on shares of IREN in a report on Wednesday, September 24th. They issued a “buy” rating and a $78.00 price objective for the company. Macquarie raised their price objective on shares of IREN to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group started coverage on IREN in a report on Thursday, December 18th. They set a “neutral” rating and a $39.00 target price on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.36.

IREN Stock Down 6.2%

The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 27.97 and a beta of 4.25. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $45.23 and a 200-day moving average price of $39.26.

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

Institutional Trading of IREN

Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of IREN in the third quarter worth $25,000. Miller Wealth Advisors LLC lifted its stake in IREN by 240.0% in 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. Aventura Private Wealth LLC acquired a new stake in IREN during the 4th quarter worth about $28,000. Allianz SE acquired a new stake in IREN during the 3rd quarter worth about $57,000. Finally, Lodestone Wealth Management LLC purchased a new position in IREN during the 4th quarter valued at about $57,000. 41.08% of the stock is owned by institutional investors and hedge funds.

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.