Research Analysts’ Recent Ratings Updates for IREN (IREN)

Several analysts have recently updated their ratings and price targets for IREN (NASDAQ: IREN):

• 11/9/2026 – IREN had its “buy” rating reaffirmed by Compass Point. They now have a $55.00 price target on the stock.
• 11/9/2026 – IREN had its “overweight” rating reaffirmed by UBS Group.
• 11/9/2026 – IREN was downgraded by CCB Int’l from “outperform” to “neutral”.
• 11/9/2026 – IREN had its price target lowered by JPMorgan Chase & Co. from $65.00 to $55.00. They now have an “overweight” rating on the stock.
• 11/6/2026 – IREN had its “buy” rating reaffirmed by BTIG Research.
• 11/6/2026 – IREN had its “neutral” rating reaffirmed by The Goldman Sachs Group. They now have a $30.00 price target on the stock.
• 11/6/2026 – IREN was upgraded by JonesTrading from “hold” to “buy”. They now have a $40.00 price target on the stock.
• 11/6/2026 – IREN had its price target lowered by HC Wainwright from $74.00 to $56.00. They now have a “buy” rating on the stock.
• 11/6/2026 – IREN had its price target lowered by Cantor Fitzgerald from $99.00 to $47.00. They now have an “overweight” rating on the stock.
• 10/30/2026 – IREN had its price target lowered by B. Riley Financial from $91.00 to $64.00. They now have a “buy” rating on the stock.
• 10/28/2026 – IREN was downgraded by Weiss Ratings from “sell (d+)” to “sell (d)”.
• 10/13/2026 – IREN was upgraded by Weiss Ratings from “sell (d)” to “sell (d+)”.
• 9/29/2026 – IREN had its price target lowered by B. Riley Financial from $96.00 to $91.00. They now have a “buy” rating on the stock.
• 9/21/2026 – IREN is now covered by Rothschild & Co Redburn. They set a “neutral” rating and a $40.00 price target on the stock.
• 9/21/2026 – IREN is now covered by Rothschild & Co Redburn. They set a “neutral” rating and a $40.00 price target on the stock.
• 9/18/2026 – IREN is now covered by Northland Securities. They set an “outperform” rating and a $99.00 price target on the stock.
• 9/14/2026 – IREN had its “buy” rating reaffirmed by BTIG Research. They now have a $80.00 price target on the stock.
• 9/14/2026 – IREN was upgraded by JPMorgan Chase & Co. from “underweight” to “overweight”. They now have a $65.00 price target on the stock, up from $46.00.

IREN Price Performance

Shares of NASDAQ IREN traded down $2.10 during mid-day trading on Tuesday, reaching $19.31. The company had a trading volume of 40,179,248 shares, compared to its average volume of 44,748,953. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.55 and a current ratio of 3.55. IREN Limited has a one year low of $17.16 and a one year high of $70.71. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of -4.73 and a beta of 4.33. The business’s 50-day simple moving average is $35.59 and its 200 day simple moving average is $43.44.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.66) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.06. IREN had a negative return on equity of 15.46% and a negative net margin of 99.38%. The business had revenue of $228.00 million during the quarter, compared to the consensus estimate of $228.26 million. On average, research analysts predict that IREN Limited will post -0.49 earnings per share for the current fiscal year.

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs. Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas. IREN has emphasized developing facilities with access to renewable energy.