Analysts Set IREN Limited (NASDAQ:IREN) PT at $69.36

Shares of IREN Limited (NASDAQ:IREN) have earned an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $72.2857.

A number of analysts have commented on the stock. Zacks Research upgraded shares of IREN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of IREN in a report on Monday, December 29th. Macquarie Infrastructure lifted their target price on IREN to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Roth Mkm set a $94.00 target price on IREN and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, JMP Securities set a $80.00 price target on IREN in a research note on Wednesday, November 19th.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Large, low‑cost financing secured — IREN announced a $3.6 billion delayed‑draw term facility (tied to its AI buildout) plus strong cash and a Microsoft prepayment, reducing near‑term dilution risk and funding GPU purchases needed to execute the AI strategy. IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?
• Positive Sentiment: Strategic AI validation — IREN’s pivot toward AI cloud services (including the large Microsoft contract and related prepayment) supports a transition from volatile bitcoin revenue to recurring, lease‑style AI income. This is the main structural reason bulls remain interested. The Great Pivot: Bitcoin Miners Are Becoming AI’s Landlords (IREN)
• Neutral Sentiment: Operational timeline and assets — management reiterated large secured power capacity (multi‑GW portfolio), new campus developments (e.g., Oklahoma) and an energization timetable (Sweetwater) that, if met, enable faster GPU deployments but create execution risk. IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?
• Neutral Sentiment: Company disclosure resources — the full Q2 presentation and earnings‑call transcript are available for investors to audit management’s guidance and timing on GPU deployment. IREN Q2 2026 Earnings Call Transcript
• Negative Sentiment: Q2 headline miss — IREN reported revenue of ~$184.7M (down ~23% Q/Q) and a wider loss; results missed analyst revenue and EPS expectations and included large non‑cash charges (derivative revaluations, impairments) that hurt the print and triggered short‑term selling. IREN’s Q2 Loss Wider Than Expected, Revenues Decline Q/Q
• Negative Sentiment: Crypto headwinds and market reaction — lower bitcoin revenue and a broader selloff in crypto/A I‑adjacent names amplified the decline; some analysts (and Bernstein commentary) framed the pullback as driven by concerns about AI deal execution and lingering crypto exposure. Bernstein says IREN selloff reflects missing AI deal, not earnings

Institutional Investors Weigh In On IREN

Several hedge funds have recently bought and sold shares of IREN. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of IREN during the 3rd quarter worth approximately $1,854,000. Y Intercept Hong Kong Ltd bought a new position in IREN in the 2nd quarter valued at $6,877,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of IREN by 88.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,230 shares of the company’s stock valued at $5,408,000 after buying an additional 53,982 shares during the period. Meridian Wealth Management LLC bought a new position in IREN in the 3rd quarter worth approximately $2,995,000. Finally, X Square Capital LLC raised its stake in shares of IREN by 129.9% during the 2nd quarter. X Square Capital LLC now owns 435,951 shares of the company’s stock valued at $6,352,000 after purchasing an additional 246,333 shares during the period. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN Stock Performance

Shares of NASDAQ IREN opened at $41.83 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52. The stock has a 50 day moving average price of $46.49 and a 200 day moving average price of $42.59. The stock has a market capitalization of $11.86 billion, a PE ratio of 31.45 and a beta of 4.27. IREN has a 52 week low of $5.13 and a 52 week high of $76.87.

IREN (NASDAQ:IREN) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.45). IREN had a negative return on equity of 10.59% and a net margin of 56.59%.The company had revenue of $184.69 million for the quarter, compared to the consensus estimate of $229.64 million. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Analysts predict that IREN will post 0.43 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.