IREN (NASDAQ:IREN) Earns Overweight Rating from Cantor Fitzgerald

IREN (NASDAQ:IREN)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research report issued on Friday,Benzinga reports. They currently have a $99.00 price objective on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 144.26% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. BTIG Research reissued a “buy” rating and set a $80.00 price target on shares of IREN in a research report on Friday. Citigroup restated a “market outperform” rating on shares of IREN in a report on Friday. B. Riley Financial lifted their price objective on IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Needham & Company LLC reiterated a “hold” rating on shares of IREN in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of IREN in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, IREN presently has an average rating of “Moderate Buy” and an average price target of $83.00.

IREN Stock Up 2.4%

Shares of IREN opened at $40.53 on Friday. IREN has a fifty-two week low of $22.63 and a fifty-two week high of $76.87. The company’s fifty day moving average is $41.68 and its two-hundred day moving average is $45.59. The firm has a market cap of $14.48 billion, a PE ratio of 84.44 and a beta of 4.29. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44.

IREN (NASDAQ:IREN) last released its quarterly earnings data on Thursday, August 27th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.14. The business had revenue of $137.22 million during the quarter, compared to the consensus estimate of $132.29 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. Analysts forecast that IREN will post -1.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. acquired a new position in shares of IREN during the fourth quarter worth about $26,000. Clearstead Trust LLC acquired a new stake in shares of IREN in the fourth quarter valued at about $27,000. Motco purchased a new stake in shares of IREN during the 4th quarter valued at about $30,000. GAMMA Investing LLC raised its holdings in shares of IREN by 177.5% during the 2nd quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock valued at $32,000 after buying an additional 442 shares during the period. Finally, Purpose Unlimited Inc. acquired a new position in IREN during the 4th quarter worth approximately $34,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN reported fiscal fourth-quarter revenue of approximately $137.2 million, exceeding the roughly $132.3 million consensus estimate, while its $0.41 per-share loss was narrower than the expected $0.55 loss. IREN quarterly earnings report
• Positive Sentiment: The company announced a new multiyear contract with a leading frontier AI laboratory, bringing contracted annualized recurring revenue for 2026 capacity to about $4 billion, including approximately $1 billion of operating ARR today. IREN FY26 results
• Positive Sentiment: IREN said $2.8 billion of GPU financing will fund about 90% of associated GPU capital expenditures, potentially reducing near-term equity funding needs as it expands toward roughly 1.2 gigawatts of AI data-center capacity. IREN contracted ARR and capex report
• Positive Sentiment: A reported first live AI workload for Microsoft and continued strength in Bitcoin near $80,000 support the company’s AI-hosting transition and remaining cryptocurrency exposure. IREN Microsoft AI workload report
• Neutral Sentiment: Investors remain focused on whether IREN can convert its sold-out AI capacity and large contracted revenue base into profitable, delivered capacity; management is targeting $25 billion–$30 billion of fiscal 2027 capital expenditure. IREN AI capacity analysis
• Negative Sentiment: IREN disclosed a roughly $702.6 million full-year net loss, including a reported $684 million loss tied to decommissioning Bitcoin-mining hardware. The impairment highlights the cost of shifting resources from mining to AI infrastructure. IREN hardware decommissioning report
• Negative Sentiment: Neocloud shares, including IREN, weakened after reports that Nvidia shelved proposed revenue-sharing deals, raising concerns about customer economics and the funding model for AI data-center operators. J.P. Morgan also maintained a Sell rating. Neocloud stocks and Nvidia report

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.