IREN (NASDAQ:IREN) Stock Price Up 8.1% – Still a Buy?

IREN Limited (NASDAQ:IREN)’s share price shot up 8.1% during mid-day trading on Monday . The stock traded as high as $45.35 and last traded at $44.94. 40,066,105 shares were traded during trading, a decline of 1% from the average session volume of 40,653,012 shares. The stock had previously closed at $41.58.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Major Microsoft infrastructure deal—reports say IREN landed a ~$9.7B, 200 MW agreement to supply AI compute capacity, marking a strategic shift from pure crypto mining to AI infrastructure and bringing committed funding that supports growth without immediate share issuance. IREN Microsoft Deal Recasts Crypto Miner As Emerging AI Infrastructure Player
• Positive Sentiment: Industry capital tailwind—coverage notes a $27B catalyst tied to Nebius and broader AI infrastructure funding that helped lift IREN and peers as investors rotate into AI?exposed names. Lumentum, SanDisk, and IREN Are All Rallying Today — Here’s the $27 Billion Reason Why
• Positive Sentiment: Bullish analyst/commentary—several bullish pieces (Seeking Alpha, The Motley Fool, 247WallSt) argue IREN’s land, power and scale position it to be a major AI infrastructure winner by 2028, supporting a growth narrative that’s lifting the stock. Prediction: IREN Could Be One of the Biggest AI Infrastructure Winners by 2028
• Positive Sentiment: Pro?ATM view—some investors see the $6B ATM program as a growth-financing tool (not an immediate shareholder threat) if proceeds fund fast capacity buildout tied to signed contracts. Why I See IREN’s $6B ATM As A Growth Tool, Not A Threat To Shareholders
• Neutral Sentiment: Retail/bull summaries and investment writeups are circulating (e.g., TopSecretStocks summary), keeping retail interest and volume elevated but offering mixed depth on valuation and execution risks. Is IREN Limited (IREN) A Good Stock To Buy Now?
• Negative Sentiment: Dilution risk—another Seeking Alpha piece warns the $6B ATM (~50% of market cap) could meaningfully dilute shareholders if fully used; analysts flag valuation compression even with fast revenue growth, which could cap upside. IREN’s Massive AI Opportunity Faces Dilution Risk
• Negative Sentiment: Recent operating weakness—last reported quarter missed EPS and revenue expectations (revenue down ~23% YoY), underscoring execution risk as IREN pivots and scales capital?intensive infrastructure. Earnings Miss

Analyst Upgrades and Downgrades

Several research firms have commented on IREN. Citizens Jmp set a $80.00 price target on shares of IREN in a report on Wednesday, November 19th. Weiss Ratings raised IREN from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. B. Riley Financial restated a “buy” rating on shares of IREN in a research note on Friday, February 6th. Citigroup initiated coverage on IREN in a report on Wednesday, November 19th. They set an “outperform” rating on the stock. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 price target on shares of IREN in a report on Tuesday, February 10th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, IREN presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

IREN Stock Up 8.1%

The business’s fifty day simple moving average is $46.70 and its two-hundred day simple moving average is $46.82. The company has a market cap of $14.93 billion, a PE ratio of 33.79 and a beta of 4.31. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.96 and a quick ratio of 4.96.

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

Hedge Funds Weigh In On IREN

A number of hedge funds have recently bought and sold shares of IREN. Centaurus Financial Inc. grew its holdings in IREN by 1.1% in the third quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock valued at $1,477,000 after purchasing an additional 332 shares during the period. Larson Financial Group LLC raised its stake in shares of IREN by 26.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock worth $75,000 after buying an additional 335 shares during the period. Vise Technologies Inc. lifted its position in shares of IREN by 7.9% during the 4th quarter. Vise Technologies Inc. now owns 5,780 shares of the company’s stock valued at $218,000 after buying an additional 424 shares in the last quarter. Miller Wealth Advisors LLC lifted its position in shares of IREN by 240.0% during the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after buying an additional 480 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in IREN in the 3rd quarter valued at $25,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

IREN Company Profile

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.