IREN (NASDAQ:IREN) Cut to “Neutral” at CCB Int’l

CCB Int’l downgraded shares of IREN (NASDAQ:IREN) from an outperform rating to a neutral rating in a research report report published on Monday,FinViz reports.

IREN has been the subject of several other research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $30.00 price objective on shares of IREN in a research note on Friday, November 6th. Rothschild & Co Redburn began coverage on shares of IREN in a research report on Monday, September 21st. They issued a “neutral” rating and a $40.00 price objective on the stock. Cantor Fitzgerald dropped their price target on IREN from $99.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, November 6th. JPMorgan Chase & Co. cut their price objective on shares of IREN from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Weiss Ratings cut IREN from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, IREN presently has a consensus rating of “Moderate Buy” and an average target price of $64.57.

IREN Stock Performance

NASDAQ IREN opened at $20.84 on Monday. The company’s 50 day simple moving average is $34.92 and its two-hundred day simple moving average is $43.10. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.60 and a quick ratio of 1.60. IREN has a 1 year low of $17.16 and a 1 year high of $70.71. The stock has a market capitalization of $8.21 billion, a PE ratio of -5.11 and a beta of 4.33.

IREN (NASDAQ:IREN) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.66) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.06. The firm had revenue of $228.00 million during the quarter, compared to analyst estimates of $228.26 million. IREN had a negative net margin of 194.36% and a negative return on equity of 16.36%. Analysts predict that IREN will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of IREN

Several large investors have recently added to or reduced their stakes in IREN. GAMMA Investing LLC raised its holdings in IREN by 177.5% in the 2nd quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $32,000 after purchasing an additional 442 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of IREN by 521.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,037 shares of the company’s stock valued at $47,000 after purchasing an additional 870 shares in the last quarter. Hollencrest Capital Management boosted its stake in shares of IREN by 50.0% during the 1st quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock valued at $36,000 after purchasing an additional 350 shares in the last quarter. MCF Advisors LLC increased its position in shares of IREN by 5,159.1% during the second quarter. MCF Advisors LLC now owns 1,157 shares of the company’s stock valued at $53,000 after buying an additional 1,135 shares during the period. Finally, Advisors Asset Management Inc. purchased a new position in shares of IREN during the third quarter valued at about $65,000. Institutional investors own 41.08% of the company’s stock.

More IREN News

Investors following IREN have been watching these news items:

• Positive Sentiment: Recent coverage points to rapid growth in IREN’s AI-cloud business, including reported revenue growth of 182% quarter over quarter to $200 million and progress on the first phase of its Microsoft data-center project. JPMorgan has also expressed a bullish view, while another article argues the share-price decline may not reflect strengthening fundamentals. IREN Stock Falls Even as JPMorgan Goes Bullish 1 Unstoppable AI Stock to Buy Hand Over Fist Before the Next Leg Higher
• Neutral Sentiment: Analyst views are mixed: JPMorgan’s Buy stance contrasts with reports of reduced price expectations and other firms’ rating cuts. That disagreement may contribute to volatility as investors weigh growth prospects against execution risks.
• Negative Sentiment: IREN’s $4 billion annualized-revenue-run-rate target has reportedly slipped to early 2027, prompting a downgrade and renewed concern about the timing of growth. CCB International also cut its rating from “outperform” to “neutral.” IREN Stocks Fall as Rating Cut Follows Slip in $4 Billion ARR Target CCB International rating information

About IREN

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.