IREN (NASDAQ:IREN) Price Target Cut to $47.00 by Analysts at Cantor Fitzgerald

IREN (NASDAQ:IREN) had its target price trimmed by Cantor Fitzgerald from $99.00 to $47.00 in a research report report published on Friday, Marketbeat reports. The firm currently has an overweight rating on the stock.

Several other research firms have also commented on IREN. Sanford C. Bernstein reiterated an “outperform” rating and issued a $100.00 price target on shares of IREN in a research report on Thursday, August 13th. Weiss Ratings downgraded IREN from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, October 28th. Northland Securities began coverage on IREN in a research note on Friday, September 18th. They issued an “outperform” rating and a $99.00 price objective for the company. Rothschild & Co Redburn began coverage on IREN in a report on Monday, September 21st. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $79.00 target price on shares of IREN in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

IREN Price Performance

Shares of IREN stock traded up $3.61 during trading on Friday, reaching $21.64. 112,473,833 shares of the stock traded hands, compared to its average volume of 56,795,948. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of -5.30 and a beta of 4.33. The business has a fifty day simple moving average of $35.87 and a two-hundred day simple moving average of $43.60. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55. IREN has a 52-week low of $17.16 and a 52-week high of $70.71.

IREN (NASDAQ:IREN) last posted its earnings results on Thursday, November 5th. The company reported ($0.66) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.06. The company had revenue of $228.00 million for the quarter, compared to the consensus estimate of $228.26 million. IREN had a negative return on equity of 15.46% and a negative net margin of 99.38%. Sell-side analysts expect that IREN will post -0.49 EPS for the current year.

Institutional Trading of IREN

Several institutional investors have recently added to or reduced their stakes in IREN. Situational Awareness LP grew its stake in shares of IREN by 34.5% during 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 last quarter. Bank of America Corp DE boosted its holdings in IREN by 58.4% during the 1st quarter. Bank of America Corp DE now owns 2,138,619 shares of the company’s stock valued at $73,312,000 after acquiring an additional 788,547 shares during the period. Swiss National Bank purchased a new position in IREN during the 1st quarter valued at $33,032,000. Amundi boosted its holdings in IREN by 3,865.8% during the 1st 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. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in IREN in the 1st quarter valued at $20,878,000. Institutional investors own 41.08% of the company’s stock.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Fiscal Q1 2027 AI cloud revenue nearly tripled sequentially to about $200 million. Total revenue rose 66% to $228 million, and the adjusted loss per share was narrower than analysts expected—supporting the earnings-driven rebound. IREN stock rebounds as company’s Q1 AI cloud revenue surges
• Positive Sentiment: The revenue backlog topped $20 billion, with roughly two-thirds attributed to investment-grade customers. A new five-year AI cloud agreement includes customer prepayment of 90% of GPU costs, which may help fund expansion. Iren: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: HC Wainwright and Cantor Fitzgerald cut their price targets to $56 and $47, respectively, while keeping Buy and Overweight ratings. The revised targets still imply substantial upside from the quoted share price, but the reductions reflect more cautious expectations. HC Wainwright rating information
• Negative Sentiment: IREN pushed its $4 billion annualized-revenue target into early 2027 after deployment delays, including at projects tied to Microsoft. These setbacks raise execution concerns and postpone expected growth. IREN Q1 Earnings Call Highlights AI Growth and Deployment Delays
• Negative Sentiment: Despite AI growth, IREN reported a $263 million net loss; Bitcoin mining revenue also fell sharply. Rising net debt and substantial remaining capital needs—including about $6 billion yet to be financed—could increase balance-sheet and dilution risks. IREN moves its $4 billion AI cloud goal into 2027

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to support energy-intensive computing applications, including bitcoin mining and artificial intelligence (AI) cloud services.

IREN’s operations are supported by company-owned electrical infrastructure, data centers and computing hardware. Its bitcoin mining business uses specialized application-specific integrated circuit (ASIC) machines, while its AI cloud offering is designed to provide access to advanced computing resources for AI development and other high-performance computing workloads.

Founded in 2018 and headquartered in Sydney, Australia, IREN has developed data center operations in North America, including facilities in British Columbia, Canada, and Texas.