IREN (NASDAQ:IREN) Stock Price Up 5.5% – Still a Buy?

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

Key Headlines Impacting IREN

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.

Wall Street Analyst Weigh In

IREN has been the subject of several analyst reports. Roth Mkm set a $94.00 target price on shares of IREN and gave the company a “buy” rating in a report on Monday, November 3rd. Zacks Research raised shares of IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. JMP Securities set a $80.00 price objective on shares of IREN in a research note on Wednesday, November 19th. JPMorgan Chase & Co. lifted their target price on shares of IREN from $28.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, November 24th. Finally, Cantor Fitzgerald reduced their target price on IREN to $82.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, IREN has a consensus rating of “Moderate Buy” and a consensus target price of $72.29.

IREN Price Performance

The firm has a market cap of $11.99 billion, a PE ratio of 31.81 and a beta of 4.27. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.96 and a quick ratio of 4.96. The business’s fifty day moving average is $46.33 and its 200-day moving average is $43.10.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.37). The company had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. IREN had a negative return on equity of 10.01% and a net margin of 56.59%.The business’s quarterly revenue was down 23.1% on a year-over-year basis. On average, research analysts predict that IREN Limited will post 0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in IREN in the 3rd quarter worth about $25,000. Miller Wealth Advisors LLC lifted its holdings in IREN by 240.0% during 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 position in IREN during the fourth quarter worth about $26,000. Clearstead Trust LLC purchased a new position in shares of IREN in the fourth quarter worth about $27,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of IREN in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

About IREN

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.