IREN Limited (NASDAQ:IREN) Receives Average Recommendation of “Moderate Buy” from Brokerages

IREN Limited (NASDAQ:IREN) has been assigned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $81.47.

Several equities research analysts have issued reports on IREN shares. Rothschild & Co Redburn started coverage on shares of IREN in a research note on Monday. They set a “neutral” rating and a $40.00 price objective for the company. B. Riley Financial upped their price target on shares of IREN from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Compass Point reiterated a “buy” rating and issued a $85.00 price target on shares of IREN in a report on Friday, August 28th. JPMorgan Chase & Co. raised IREN from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $46.00 to $65.00 in a research report on Monday, September 14th. Finally, Weiss Ratings cut IREN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 31st.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s long-term growth narrative remains supported by its renewable-energy-powered data centers, AI cloud ambitions and Bitcoin-mining exposure. A Rothschild Redburn report forecasts revenue of approximately $13.3 billion by fiscal 2029, highlighting substantial potential if the company secures tenants and executes its construction plans. Rothschild Redburn starts IREN at Neutral with $40 target
• Neutral Sentiment: Several recent articles place IREN among Bitcoin, mining and emerging AI-cloud stocks to monitor, but provide limited new company-specific information. Comparisons with Applied Digital and Guidewire Software may increase investor attention, while also emphasizing the difficulty of valuing IREN against companies with different business models. Applied Digital vs. IREN Mining Stocks To Follow Now
• Neutral Sentiment: Reported short-interest data shows zero shares sold short and a zero-day days-to-cover ratio despite describing a large increase, suggesting the figure may be incomplete or unreliable. Consequently, it offers little clear indication of whether short sellers are contributing to current trading activity.
• Negative Sentiment: Rothschild Redburn initiated coverage with a Neutral rating and a $40 target, implying downside from recent levels. The firm cited tenant commitments, financing costs and construction execution as key risks. Separately, commentary argues that the stock’s multiyear advance has already priced in much of the AI opportunity, leaving valuation exposed if revenue growth fails to keep pace. IREN Stock Looks Stretched With AI Hopes Already Priced In

IREN Stock Performance

NASDAQ:IREN opened at $46.15 on Friday. The company has a market cap of $18.19 billion, a P/E ratio of -19.72 and a beta of 4.28. The firm’s 50 day moving average is $41.22 and its two-hundred day moving average is $45.78. IREN has a fifty-two week low of $28.93 and a fifty-two week high of $76.87. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80.

Institutional Investors Weigh In On IREN

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in IREN in the fourth quarter worth $158,677,000. Clear Street Group Inc. bought a new position in IREN during the fourth quarter worth about $137,075,000. Situational Awareness LP lifted its stake in IREN by 34.5% during the first quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock worth $401,036,000 after purchasing an additional 2,998,214 shares during the period. Capital Research Global Investors acquired a new stake in IREN during the fourth quarter valued at approximately $38,730,000. Finally, Swiss National Bank bought a new stake in shares of IREN in the 1st quarter valued at approximately $33,032,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

About IREN

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on high-performance computing. The company develops and operates data centers powered by renewable energy and uses this infrastructure primarily for Bitcoin mining and, increasingly, artificial intelligence and other GPU-intensive cloud-computing applications.

IREN designs, builds and operates its own data centers, providing access to electrical power, computing hardware and related infrastructure.