IREN (NASDAQ:IREN) Stock Rating Lowered by CCB Int’l

IREN (NASDAQ:IREN) was downgraded by investment analysts at CCB Int’l from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, FinViz reports.

A number of other analysts have also recently weighed in on IREN. B. Riley Financial dropped their target price on shares of IREN from $91.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of IREN in a report on Tuesday, July 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $100.00 price target on shares of IREN in a report on Thursday, August 13th. Morgan Stanley downgraded shares of IREN to a “buy” rating in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of IREN from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.57.

IREN Stock Performance

IREN stock opened at $19.73 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.77. The firm has a market cap of $7.77 billion, a P/E ratio of -4.84 and a beta of 4.33. IREN has a 12-month low of $17.16 and a 12-month high of $70.71. The stock’s 50 day simple moving average is $35.24 and its 200 day simple moving average is $43.28.

IREN (NASDAQ:IREN) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.06. The firm had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $228.26 million. IREN had a negative return on equity of 16.36% and a negative net margin of 194.36%. As a group, equities research analysts predict that IREN will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IREN. Situational Awareness LP grew its stake in IREN by 34.5% during the 1st quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock worth $401,036,000 after buying an additional 2,998,214 shares during the last quarter. Bank of America Corp DE lifted its stake in IREN by 58.4% in the first quarter. Bank of America Corp DE now owns 2,138,619 shares of the company’s stock valued at $73,312,000 after buying an additional 788,547 shares during the last quarter. Banco Santander S.A. boosted its holdings in shares of IREN by 1.7% during the third quarter. Banco Santander S.A. now owns 903,037 shares of the company’s stock valued at $36,916,000 after acquiring an additional 14,791 shares during the period. Swiss National Bank acquired a new position in shares of IREN during the first quarter valued at $33,032,000. Finally, Amundi boosted its holdings in shares of IREN by 3,865.8% during the first quarter. Amundi now owns 845,113 shares of the company’s stock valued at $28,970,000 after acquiring an additional 823,803 shares during the period. Institutional investors and hedge funds own 41.08% of the company’s stock.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN reported AI-cloud revenue of $200 million in fiscal Q1 2027, up 182% quarter over quarter, and has a reported $20.3 billion backlog. JPMorgan remains bullish, pointing to growth and progress on the Microsoft data-center project. IREN Stock Falls Even as JPMorgan Goes Bullish
• Positive Sentiment: One Seeking Alpha analysis argues that the market may be overstating IREN’s funding concerns, offering a counterpoint to worries about financing its AI infrastructure buildout. IREN: The Market May Be Overestimating Its Funding Problem
• Neutral Sentiment: IREN plans to exit bitcoin mining by the end of 2026 and focus investment on AI data centers. The pivot could align the business with AI demand, but its success depends on executing the expansion and generating returns from it. Why Is IREN Exiting Bitcoin Mining To Focus On AI Infrastructure?
• Negative Sentiment: The company’s $4 billion annualized-revenue target has shifted to early 2027, with deployment timing and a reported funding gap raising concerns about execution, rising costs and losses. These issues have prompted downgrades and lower estimates, including CCB International’s move to Neutral. IREN’s $4B Revenue Goal Delayed: Is the Stock Losing Its Appeal?
• Negative Sentiment: Analysts have also cut targets and raised concerns about the outlook for AI data-center providers. The delayed ramp in contracted revenue may be weighing more heavily on sentiment than IREN’s recent quarterly growth. Cantor cuts IREN price target to $47 from $99 as Microsoft deployment slips

IREN Company Profile

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs. Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas. IREN has emphasized developing facilities with access to renewable energy.