IREN Limited (NASDAQ:IREN) Receives $82.71 Consensus Target Price from Brokerages

Shares of IREN Limited (NASDAQ:IREN) have been given a consensus recommendation of “Moderate Buy” by the twenty-one analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $82.7143.

A number of brokerages recently weighed in on IREN. Canaccord Genuity Group reissued a “buy” rating and set a $79.00 price objective on shares of IREN in a report on Tuesday, July 21st. B. Riley Financial upped their price objective on shares of IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Cantor Fitzgerald increased their target price on shares of IREN from $77.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. BTIG Research upped their price target on shares of IREN to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, HC Wainwright raised their price objective on IREN from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd.

Hedge Funds Weigh In On IREN

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Polianta Ltd increased its stake in IREN by 5.9% in the 2nd quarter. Polianta Ltd now owns 37,400 shares of the company’s stock worth $1,710,000 after purchasing an additional 2,100 shares during the period. Teamwork Financial Advisors LLC boosted its stake in shares of IREN by 28.9% during the second quarter. Teamwork Financial Advisors LLC now owns 21,894 shares of the company’s stock valued at $1,001,000 after purchasing an additional 4,906 shares during the period. Gainplan LLC purchased a new stake in shares of IREN during the second quarter valued at approximately $215,000. Balefire LLC grew its holdings in shares of IREN by 2.9% in the second quarter. Balefire LLC now owns 26,684 shares of the company’s stock worth $1,220,000 after purchasing an additional 760 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of IREN by 177.5% in the second quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $32,000 after purchasing an additional 442 shares during the last quarter. 41.08% of the stock is currently owned by institutional investors.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: New AI contracts provide significant growth potential. IREN reportedly signed approximately $2.8 billion in new AI contracts, with Microsoft and Nvidia among its customers. The contracts are substantial relative to IREN’s roughly $15 billion valuation, although the company must build capacity quickly enough to fulfill them. IREN Signed $2.8 Billion in New AI Contracts
• Positive Sentiment: Mirantis adds a software layer to IREN’s AI cloud platform. IREN completed its acquisition of cloud software provider Mirantis, adding workload orchestration, monitoring and enterprise support capabilities to its data-center and compute infrastructure. Mirantis serves more than 1,500 enterprise customers and supports NVIDIA-related AI software, potentially helping IREN offer managed cloud services to hyperscalers, enterprises and AI developers. IREN Completes Acquisition of Mirantis
• Neutral Sentiment: The acquisition structure creates both strategic benefits and financing concerns. IREN issued approximately 12.6 million shares and provided about $40 million in cash, restricted stock units and other consideration. Mirantis will continue operating as a standalone subsidiary, but integration costs and the additional share count could affect per-share results.
• Negative Sentiment: IREN’s recent revenue trajectory looks less consistent than some AI peers. A comparison with AeroVironment found that IREN’s revenue peaked in the third quarter of 2025 and subsequently declined, while AeroVironment’s revenue more than tripled over the same period. This raises questions about near-term growth conversion and execution despite the new contract announcements. IREN vs. AeroVironment Revenue Comparison

IREN Stock Down 4.8%

IREN opened at $38.89 on Thursday. The business’s fifty day simple moving average is $47.56 and its 200 day simple moving average is $46.92. IREN has a 52 week low of $16.66 and a 52 week high of $76.87. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44. The stock has a market cap of $13.90 billion, a PE ratio of 81.02 and a beta of 4.29.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The firm had revenue of $144.79 million for the quarter, compared to the consensus estimate of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. As a group, research analysts expect that IREN will post -1.96 earnings per share for the current fiscal year.

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.