Analysts Set IREN Limited (NASDAQ:IREN) PT at $82.36

Shares of IREN Limited (NASDAQ:IREN) have earned an average recommendation of “Moderate Buy” from the twenty research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $82.3571.

IREN has been the topic of a number of recent analyst reports. HC Wainwright lifted their target price on IREN to $85.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Freedom Capital raised shares of IREN from a “hold” rating to a “strong-buy” rating in a report on Monday. B. Riley Financial raised their price target on shares of IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Canaccord Genuity Group lifted their price target on shares of IREN from $70.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Cantor Fitzgerald upped their price objective on shares of IREN from $77.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Miller Wealth Advisors LLC raised its position in IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of IREN during the fourth quarter worth about $26,000. Clearstead Trust LLC acquired a new position in shares of IREN in the fourth quarter valued at approximately $27,000. Aventura Private Wealth LLC acquired a new position in shares of IREN in the fourth quarter valued at approximately $28,000. Finally, Motco bought a new position in IREN in the 4th quarter valued at approximately $30,000. 41.08% of the stock is currently owned by institutional investors.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Freedom Capital upgraded IREN from hold to strong-buy, signaling stronger conviction in the company’s long-term outlook. Zacks.com
• Positive Sentiment: Analyst commentary and price-target coverage suggested substantial upside from current levels, with one report highlighting a roughly 50% upside case tied to a $58 target. IREN stock jumps on analyst upgrade, sees nearly 50% upside
• Positive Sentiment: Several articles pointed to IREN as a potential beneficiary of Anthropic’s reported large Australian AI cloud capacity tender, which could validate IREN’s powered land bank and grid access as a major AI infrastructure asset. Anthropic’s A$22 Billion Australian AI Cloud Tender Might Change The Case For Investing In IREN
• Positive Sentiment: Bernstein reiterated a Buy rating with a $100 price target, and other coverage framed IREN as an underappreciated AI/data center stock with significant upside potential. IREN Ltd (IREN) Is One Of The Top Underperforming Data Center Stocks To Buy
• Neutral Sentiment: Broader sector commentary compared IREN with peers like TeraWulf and CoreWeave, reinforcing that investor focus remains on AI infrastructure demand rather than IREN’s core bitcoin-mining roots. Nebius Is Quietly Dominating CoreWeave And IREN: Here’s Why
• Negative Sentiment: Despite the recent bounce, investors are still weighing execution risk, especially because IREN has been volatile and recently had a difficult stretch before the latest rebound. Why Is IREN Stock Rising in Pre-Market Today — July 6, 2026?
• Negative Sentiment: IREN’s underlying fundamentals remain a concern after its last reported quarter missed EPS and revenue expectations, reminding investors that the company still needs to prove consistent operating execution.

IREN Stock Performance

Shares of IREN stock opened at $39.81 on Friday. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.44. The company has a market cap of $14.23 billion, a PE ratio of 82.94 and a beta of 4.27. The company has a 50 day moving average of $54.34 and a 200-day moving average of $47.72. IREN has a 1-year low of $14.72 and a 1-year high of $76.87.

IREN (NASDAQ:IREN) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). IREN had a net margin of 20.90% and a negative return on equity of 13.13%. The firm had revenue of $144.79 million for the quarter, compared to analyst estimates of $219.69 million. As a group, equities research analysts forecast that IREN will post -1.25 earnings per share for the current fiscal year.

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.