IREN (NASDAQ:IREN) Stock Rating Lowered by Wall Street Zen

IREN (NASDAQ:IREN) was downgraded by Wall Street Zen from a “hold” rating to a “strong sell” rating in a report released on Saturday.

IREN has been the topic of several other research reports. Cantor Fitzgerald lowered their target price on shares of IREN to $82.00 and set an “overweight” rating on the stock in a report on Friday. The Goldman Sachs Group assumed coverage on shares of IREN in a report on Thursday, December 18th. They set a “neutral” rating and a $39.00 price objective for the company. Citigroup initiated coverage on IREN in a research report on Wednesday, November 19th. They set an “outperform” rating for the company. Compass Point reiterated a “buy” rating and issued a $105.00 target price on shares of IREN in a research report on Friday, November 7th. Finally, Zacks Research raised IREN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.29.

IREN Price Performance

NASDAQ:IREN opened at $41.83 on Friday. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 1.51. The business’s 50-day simple moving average is $46.49 and its two-hundred day simple moving average is $42.75. The stock has a market cap of $11.86 billion, a PE ratio of 31.45 and a beta of 4.26. IREN has a 52 week low of $5.13 and a 52 week high of $76.87.

IREN (NASDAQ:IREN) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.45). The business had revenue of $184.69 million during the quarter, compared to the consensus estimate of $229.64 million. IREN had a negative return on equity of 10.01% and a net margin of 56.59%.The firm’s revenue for the quarter was down 23.1% compared to the same quarter last year. As a group, analysts forecast that IREN will post 0.43 EPS for the current fiscal year.

Institutional Trading of IREN

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Situational Awareness LP boosted its stake in IREN by 90.1% during the second quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock worth $93,254,000 after buying an additional 3,034,254 shares during the period. Hood River Capital Management LLC bought a new stake in shares of IREN in the 2nd quarter worth about $74,228,000. Value Aligned Research Advisors LLC boosted its stake in shares of IREN by 18.6% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 3,873,337 shares of the company’s stock worth $181,776,000 after purchasing an additional 607,189 shares during the period. Invesco Ltd. boosted its stake in shares of IREN by 45.9% during the 2nd quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock worth $43,341,000 after purchasing an additional 936,333 shares during the period. Finally, UBS Group AG grew its holdings in IREN by 37.3% during the 3rd quarter. UBS Group AG now owns 2,767,452 shares of the company’s stock valued at $129,877,000 after purchasing an additional 751,635 shares during the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

More IREN News

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

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.