Brokerages Set IREN Limited (NASDAQ:IREN) PT at $71.69

IREN Limited (NASDAQ:IREN) has earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $71.6923.

IREN has been the subject of several analyst reports. B. Riley Financial reissued a “buy” rating on shares of IREN in a research note on Friday, February 6th. Compass Point reiterated a “buy” rating and issued a $105.00 price objective on shares of IREN in a research note on Friday, November 7th. HC Wainwright upgraded IREN from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Tuesday, January 13th. The Goldman Sachs Group assumed coverage on shares of IREN in a research note on Thursday, December 18th. They set a “neutral” rating and a $39.00 target price on the stock. Finally, Zacks Research raised shares of IREN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th.

IREN Price Performance

IREN stock opened at $36.70 on Monday. The business’s fifty day moving average price is $46.58 and its 200 day moving average price is $45.79. IREN has a 12-month low of $5.13 and a 12-month high of $76.87. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $12.19 billion, a PE ratio of 27.59 and a beta of 4.31.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The business had revenue of $184.69 million during the quarter, compared to analysts’ expectations of $229.64 million. IREN’s revenue for the quarter was down 23.1% compared to the same quarter last year. On average, sell-side analysts anticipate that IREN will post 0.43 EPS for the current year.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Large Nvidia GPU buildout lifts long?term revenue potential — IREN agreed to buy 50,000 NVIDIA B300 GPUs, expanding its fleet toward 150,000 GPUs to support AI cloud capacity. This materially increases compute scale and underpins the company’s AI revenue targets. DataCenterDynamics: IREN purchases 50,000 NVIDIA B300 GPUs
• Positive Sentiment: Ambitious AI revenue targets and large corporate deals could drive meaningful growth — management is targeting roughly $3.7B AI cloud ARR by late?2026 and public commentary references a sizeable Microsoft?related contract that supports the pivot from mining to AI infrastructure. These milestones are the core bullish case. Seeking Alpha: IREN buying an AI infrastructure giant
• Neutral Sentiment: Strong prior fundraising and capital access — IREN has raised multiple billions (~$9.3B cited historically) to finance GPU expansion, which both supports growth and changes financing flexibility; investors will watch execution and ROI. Yahoo Finance: The Bull Case For IREN
• Negative Sentiment: Large at?the?market (ATM) / equity program raises dilution worries — IREN expanded its ATM capacity (about $6B reported), and concurrently opened an equity offering to fund the GPU buildout; investors are concerned about near?term share dilution and timing of issuance. Yahoo Finance: IREN expands GPU fleet, opens $6B equity offering
• Negative Sentiment: Short?seller spotlight and guidance questions amplified selling pressure — Jim Chanos publicly criticized the $6B equity filing and flagged the company’s lack of clarity around a cited $500M revenue guidance figure, increasing investor caution. MSN: Jim Chanos sounds alarm
• Negative Sentiment: Recent fundamental miss and macro/geopolitical noise — IREN’s prior quarterly results missed EPS and revenue estimates, and geopolitical headlines (Iran?related) have been flagged as an additional near?term risk to sentiment and partnerships. Seeking Alpha: Geopolitical noise discussion

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IREN. Global Retirement Partners LLC acquired a new position in IREN during the third quarter worth approximately $25,000. Miller Wealth Advisors LLC boosted its holdings in shares of IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after acquiring an additional 480 shares during the period. North Star Investment Management Corp. purchased a new position in shares of IREN during the fourth quarter worth approximately $26,000. Clearstead Trust LLC purchased a new position in shares of IREN during the fourth quarter worth approximately $27,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of IREN in the 4th quarter valued at $28,000. 41.08% of the stock is owned by institutional investors and hedge funds.

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.