IREN’s (IREN) “Buy” Rating Reaffirmed at BTIG Research

IREN (NASDAQ:IREN)‘s stock had its “buy” rating reiterated by research analysts at BTIG Research in a note issued to investors on Friday,Benzinga reports. They currently have a $80.00 price objective on the stock. BTIG Research’s price target indicates a potential upside of 97.38% from the company’s previous close.

IREN has been the topic of a number of other research reports. Weiss Ratings lowered shares of IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 7th. B. Riley Financial lifted their target price on shares of IREN from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Canaccord Genuity Group restated a “buy” rating and set a $79.00 price target on shares of IREN in a report on Tuesday, July 21st. Citigroup reaffirmed a “market outperform” rating on shares of IREN in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on IREN from $39.00 to $46.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.00.

IREN Price Performance

Shares of NASDAQ:IREN opened at $40.53 on Friday. The stock has a market capitalization of $14.48 billion, a P/E ratio of 84.44 and a beta of 4.29. The business has a 50-day moving average of $41.68 and a two-hundred day moving average of $45.59. IREN has a fifty-two week low of $22.63 and a fifty-two week high of $76.87. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.72 and a quick ratio of 3.72.

IREN (NASDAQ:IREN) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.14. IREN had a negative return on equity of 13.13% and a net margin of 20.90%.The business had revenue of $137.22 million for the quarter, compared to the consensus estimate of $132.29 million. On average, equities research analysts predict that IREN will post -1.41 EPS for the current fiscal year.

Institutional Trading of IREN

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Situational Awareness LP lifted its stake in shares of IREN by 34.5% in the first quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock valued at $401,036,000 after buying an additional 2,998,214 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in IREN in the 1st quarter valued at approximately $20,878,000. Triglav Investments D.O.O. acquired a new position in IREN in the 1st quarter valued at approximately $871,000. Oppenheimer & Co. Inc. lifted its position in shares of IREN by 257.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 26,958 shares of the company’s stock worth $1,018,000 after acquiring an additional 19,423 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in shares of IREN by 282.2% during the 4th quarter. Sanctuary Advisors LLC now owns 46,224 shares of the company’s stock worth $1,746,000 after purchasing an additional 34,129 shares in the last quarter. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN reported fiscal fourth-quarter revenue of approximately $137.2 million, exceeding the roughly $132.3 million consensus estimate, while its $0.41 per-share loss was narrower than the expected $0.55 loss. IREN quarterly earnings report
• Positive Sentiment: The company announced a new multiyear contract with a leading frontier AI laboratory, bringing contracted annualized recurring revenue for 2026 capacity to about $4 billion, including approximately $1 billion of operating ARR today. IREN FY26 results
• Positive Sentiment: IREN said $2.8 billion of GPU financing will fund about 90% of associated GPU capital expenditures, potentially reducing near-term equity funding needs as it expands toward roughly 1.2 gigawatts of AI data-center capacity. IREN contracted ARR and capex report
• Positive Sentiment: A reported first live AI workload for Microsoft and continued strength in Bitcoin near $80,000 support the company’s AI-hosting transition and remaining cryptocurrency exposure. IREN Microsoft AI workload report
• Neutral Sentiment: Investors remain focused on whether IREN can convert its sold-out AI capacity and large contracted revenue base into profitable, delivered capacity; management is targeting $25 billion–$30 billion of fiscal 2027 capital expenditure. IREN AI capacity analysis
• Negative Sentiment: IREN disclosed a roughly $702.6 million full-year net loss, including a reported $684 million loss tied to decommissioning Bitcoin-mining hardware. The impairment highlights the cost of shifting resources from mining to AI infrastructure. IREN hardware decommissioning report
• Negative Sentiment: Neocloud shares, including IREN, weakened after reports that Nvidia shelved proposed revenue-sharing deals, raising concerns about customer economics and the funding model for AI data-center operators. J.P. Morgan also maintained a Sell rating. Neocloud stocks and Nvidia report

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.