IREN Limited (IREN) – What Are Brokerages Saying About This Stock?

Shares of IREN Limited (NASDAQ:IREN) have earned a consensus rating of “Moderate Buy” from the twenty-two research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $81.13.

A number of brokerages have recently weighed in on IREN. Needham & Company LLC reissued a “hold” rating on shares of IREN in a report on Tuesday, July 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $79.00 target price on shares of IREN in a report on Friday, August 28th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $100.00 target price on shares of IREN in a report on Thursday, August 13th. Compass Point reiterated a “buy” rating and issued a $85.00 target price on shares of IREN in a research report on Friday, August 28th. Finally, Northland Securities assumed coverage on IREN in a research report on Friday, September 18th. They issued an “outperform” rating and a $99.00 target price on the stock.

Institutional Trading of IREN

Several institutional investors and hedge funds have recently bought and sold shares of IREN. Situational Awareness LP boosted its holdings in shares of IREN by 34.5% in the 1st quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock valued at $401,036,000 after acquiring an additional 2,998,214 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of IREN by 58.4% during the first quarter. Bank of America Corp DE now owns 2,138,619 shares of the company’s stock worth $73,312,000 after purchasing an additional 788,547 shares during the last quarter. Swiss National Bank purchased a new position in shares of IREN during the first quarter worth $33,032,000. Amundi lifted its position in IREN by 3,865.8% during the first quarter. Amundi now owns 845,113 shares of the company’s stock valued at $28,970,000 after purchasing an additional 823,803 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in IREN during the fourth quarter valued at $25,495,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Reports that IREN may have secured a multiyear agreement with Anthropic provided a potential boost by suggesting stronger long-term demand for its AI computing capacity. However, the agreement has not been fully confirmed publicly. IREN shares rose on reports of a multiyear deal with Anthropic
• Positive Sentiment: IREN is expanding liquid-cooling technology across its AI data centers, which could increase computing density, capacity, and revenue generated per megawatt. A bullish view from analyst Dan Ives also characterized the broader neocloud selloff as a potential buying opportunity. IREN Expands Liquid Cooling Across AI Data Centers
• Neutral Sentiment: The company is pursuing a proposed 900-megawatt Redbank data-center campus in New South Wales, Australia. The project could require approximately $10 billion, making it a significant growth opportunity but also increasing the importance of financing and customer commitments. IREN plans 900 MW data center
• Negative Sentiment: Debt concerns are weighing on the entire AI-cloud sector. Rising infrastructure spending, higher borrowing costs, and increased competition for financing are pressuring neocloud operators, with IREN declining alongside CoreWeave and Nebius. Neocloud operators’ debt costs rising
• Negative Sentiment: Investors are also concerned that more than 80% of neocloud providers could cease operating independently by 2030, while IREN’s estimated $25 billion–$30 billion fiscal 2027 capital-expenditure plan raises execution, dilution, and financing risks. IREN Shares Are Falling Thursday

IREN Stock Performance

Shares of IREN stock opened at $26.99 on Tuesday. The business has a fifty day moving average of $41.06 and a 200 day moving average of $45.37. IREN has a 1 year low of $26.55 and a 1 year high of $76.87. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of -11.53 and a beta of 4.26.

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, is a data center company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to use renewable energy and provides the infrastructure needed for energy-intensive digital workloads.

IREN’s operations include bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including graphics processing units (GPUs), for applications such as machine learning and other computational workloads.