IREN (NASDAQ:IREN) Shares Up 5.5% – Time to Buy?

IREN Limited (NASDAQ:IREN)’s stock price traded up 5.5% during trading on Friday . The company traded as high as $43.47 and last traded at $42.22. 31,426,572 shares were traded during mid-day trading, a decline of 30% from the average session volume of 45,038,438 shares. The stock had previously closed at $40.03.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Added to the MSCI USA Index effective Feb. 27, which should boost passive/institutional demand and support liquidity for the stock. IREN Added to MSCI USA Index
• Positive Sentiment: Reports that major banks (Goldman, JPMorgan) are part of a large ~ $3.6B credit facility to fund GPU expansion — a clear vote of confidence that reduces dilution risk and funds the AI pivot. IREN Bounces Back: The Market Votes Yes as Big Banks Step In
• Positive Sentiment: Execution progress: IREN says it has >4.5 GW of secured capacity and has nearly 95% funding secured for the $9.7B Microsoft AI contract; Q2 showed strong AI services revenue growth (large percentage gains from a small base). This supports longer‑term ARR expansion potential. IREN: Execution De‑Risk And Secured Capacity Drives Growth
• Positive Sentiment: Brokerage support: Canaccord reaffirmed a “Buy” and coverage notes (and Cantor Fitzgerald framed the post‑earnings dip as a buying opportunity), which can attract more institutional buyers. Canaccord Genuity Group Reaffirms Buy for IREN Cantor Fitzgerald view
• Neutral Sentiment: Analyst/earnings expectations and market commentary remain mixed; some outlets highlight institutional accumulation and a potential rerating if AI revenue ramps, while sell‑side models still flag execution and margin risk. Equities Analysts Set Expectations for IREN Q3
• Negative Sentiment: Q2 results contained headline misses: EPS and revenue fell short of consensus, and investor reaction included a sharp sell‑off earlier in the month — retail sentiment on social platforms cooled as traders dissected the quarter. That short‑term skepticism drove volatility. IREN Drops 14% as Bitcoin Mining Revenue Falls to $167 Million
• Neutral Sentiment: Short‑interest reports in this data set are inconsistent/ambiguous (published figures show zeros/NaN), so while some headlines claim rising short interest, the data provided here is not actionable. Investors should check official exchange short‑interest releases.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of IREN in a report on Monday, December 29th. Citizens Jmp initiated coverage on IREN in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $80.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 24th. Cantor Fitzgerald dropped their price target on shares of IREN to $82.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, The Goldman Sachs Group initiated coverage on shares of IREN in a research note on Thursday, December 18th. They issued a “neutral” rating and a $39.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, IREN has an average rating of “Moderate Buy” and an average price target of $72.29.

IREN Trading Up 5.7%

The company has a market cap of $11.99 billion, a P/E ratio of 31.81 and a beta of 4.27. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51. The business has a 50 day moving average price of $46.28 and a 200-day moving average price of $43.47.

IREN (NASDAQ:IREN) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). The firm had revenue of $184.69 million during the quarter, compared to analyst estimates of $229.64 million. IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. Analysts forecast that IREN Limited will post 0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its position in IREN by 16.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,160 shares of the company’s stock worth $308,000 after buying an additional 2,952 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of IREN in the second quarter valued at about $10,743,000. Hartline Investment Corp bought a new position in IREN during the second quarter worth about $228,000. Chicago Partners Investment Group LLC boosted its holdings in IREN by 14.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 75,508 shares of the company’s stock valued at $1,100,000 after purchasing an additional 9,492 shares during the period. Finally, Drive Wealth Management LLC boosted its holdings in IREN by 3.0% in the 2nd quarter. Drive Wealth Management LLC now owns 40,924 shares of the company’s stock valued at $596,000 after purchasing an additional 1,179 shares during the period. 41.08% of the stock is owned by institutional investors and hedge funds.

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.