IREN (NASDAQ:IREN) Research Coverage Started at Rothschild & Co Redburn

Rothschild & Co Redburn began coverage on shares of IREN (NASDAQ:IREN) in a research report sent to investors on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $40.00 price objective on the stock.

A number of other analysts have also commented on the stock. Northland Securities started coverage on shares of IREN in a research report on Friday, September 18th. They issued an “outperform” rating and a $99.00 price objective on the stock. B. Riley Financial lifted their price target 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. Morgan Stanley cut shares of IREN to a “buy” rating in a research report on Wednesday, September 2nd. HC Wainwright restated a “buy” rating and set a $90.00 price objective on shares of IREN in a research note on Friday, August 28th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 price objective on shares of IREN in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.47.

IREN Trading Down 3.1%

NASDAQ:IREN opened at $47.05 on Monday. The company has a market cap of $18.54 billion, a P/E ratio of -20.11 and a beta of 4.28. IREN has a twelve month low of $28.93 and a twelve month high of $76.87. The business has a 50 day moving average price of $40.99 and a two-hundred day moving average price of $45.71. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80.

Hedge Funds Weigh In On IREN

A number of institutional investors have recently bought and sold shares of IREN. BNP Paribas Financial Markets acquired a new stake in shares of IREN in the fourth quarter valued at approximately $158,677,000. Clear Street Group Inc. acquired a new position in shares of IREN during the 4th quarter worth approximately $137,075,000. Situational Awareness LP increased its holdings in shares of IREN by 34.5% during the 1st quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock worth $401,036,000 after acquiring an additional 2,998,214 shares during the last quarter. Capital Research Global Investors bought a new stake in IREN in the 4th quarter valued at $38,730,000. Finally, Swiss National Bank bought a new stake in IREN in the 1st quarter valued at $33,032,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN is expanding its AI Cloud customer base, improving pricing and reducing reliance on a small number of customers. This diversification could support more resilient revenue growth as demand for AI computing rises. IREN Broadens Its AI Customer Base: Can Diversification Pay Off?
• Positive Sentiment: The company’s secured power capacity, Microsoft and NVIDIA-related contracts, and renewable-energy positioning provide substantial infrastructure optionality if AI demand continues to accelerate. IREN’s Energy Pipeline Optionality is Very Appealing So Should You Buy It?
• Neutral Sentiment: Rothschild Redburn initiated coverage with a Neutral rating and a $40 price target, but its forecast calls for revenue of $13.3 billion by fiscal 2029. The contrasting outlook highlights substantial long-term potential alongside concerns about tenant commitments, financing costs and construction execution. Rothschild Redburn starts IREN at Neutral with $40 target
• Neutral Sentiment: IREN continues to trade with other neocloud stocks such as CoreWeave and Nebius, making the shares sensitive to broader AI-infrastructure sentiment and rapid market swings. What’s Moving CoreWeave, NBIS, and IREN Stocks
• Negative Sentiment: Analysts and market commentators caution that AI expectations may already be priced into IREN after its substantial multiyear rally. The company’s valuation is difficult to justify using current sales, while losses are increasing before the anticipated AI revenue ramp. Iren Stock Looks Stretched With AI Hopes Already Priced In
• Negative Sentiment: Concerns about GPU pricing, capital requirements and the company’s ability to complete projects on time are pressuring the neocloud group. These risks could limit margins even if demand remains strong. Neocloud Stocks Fall Amid GPU Pricing Concerns

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on high-performance computing. The company develops and operates data centers powered by renewable energy and uses this infrastructure primarily for Bitcoin mining and, increasingly, artificial intelligence and other GPU-intensive cloud-computing applications.

IREN designs, builds and operates its own data centers, providing access to electrical power, computing hardware and related infrastructure.