Analysts Set IREN Limited (NASDAQ:IREN) Price Target at $71.69

IREN Limited (NASDAQ:IREN) has earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $71.6923.

IREN has been the subject of a number of research analyst reports. Cantor Fitzgerald cut their price objective on shares of IREN to $82.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. B. Riley Financial restated a “buy” rating on shares of IREN in a research note on Friday, February 6th. Weiss Ratings raised IREN from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. HC Wainwright upgraded IREN from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, January 13th. Finally, Wall Street Zen lowered IREN from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th.

IREN Stock Performance

Shares of IREN stock opened at $35.09 on Friday. IREN has a 1 year low of $5.13 and a 1 year high of $76.87. The firm’s fifty day simple moving average is $45.00 and its 200 day simple moving average is $47.77. The firm has a market capitalization of $11.66 billion, a P/E ratio of 26.38 and a beta of 4.31. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). The company had revenue of $184.69 million during the quarter, compared to the consensus estimate of $229.64 million. IREN had a net margin of 56.59% and a negative return on equity of 10.01%. IREN’s revenue was down 23.1% on a year-over-year basis. As a group, sell-side analysts predict that IREN will post 0.43 EPS for the current year.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Seeking Alpha argues IREN is gaining an advantage in an AI-related scarce resource (infrastructure/capacity), which supports a growth story and could underpin longer-term revenue/earnings upside. IREN Is Racing To Win AI’s Most Constrained Resource – And It’s Already Winning
• Positive Sentiment: Analyst sentiment is mildly favorable: American Banking News reports an average rating of “Moderate Buy” for IREN, which can support the stock if institutional buyers follow through. IREN Limited (NASDAQ:IREN) Receives Average Rating of “Moderate Buy” from Analysts
• Neutral Sentiment: There’s a separate item on Investis Holding SA (ticker IREN on the Swiss exchange) reporting strong rental income — this is a different company and could cause ticker confusion among retail traders but does not change IREN Limited’s fundamentals. Investis Holding SA (XSWX:IREN) Full Year 2025 Earnings Call Highlights: Strong Rental Income …
• Negative Sentiment: MSN/retail-focused coverage highlights heavy bearish retail expectations (a reported ~41% downside target), which can amplify selling pressure and volatility when many traders act at once. IREN stock under traders’ radar today – retail expects 41% downside from current levels
• Negative Sentiment: Recent fundamentals: IREN missed the last quarter’s revenue and EPS estimates (significant revenue decline y/y and an EPS miss), and the stock’s high beta (4.31) plus elevated trading volume increase downside sensitivity to negative headlines or investor repositioning. (earnings data from company release)

Institutional Investors Weigh In On IREN

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new position in shares of IREN in the 3rd quarter valued at $25,000. Miller Wealth Advisors LLC boosted its position in shares of IREN by 240.0% during the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after acquiring an additional 480 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in shares of IREN during the 4th quarter valued at about $26,000. Clearstead Trust LLC bought a new stake in IREN in the fourth quarter valued at about $27,000. Finally, Aventura Private Wealth LLC bought a new stake in IREN in the fourth quarter valued at about $28,000. Institutional investors own 41.08% of the company’s stock.

About IREN

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.