IREN Limited (NASDAQ:IREN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of IREN Limited (NASDAQ:IREN) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $81.5714.

A number of brokerages recently commented on IREN. B. Riley Financial upped their target price on IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Freedom Capital upgraded IREN from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $99.00 price target on shares of IREN in a research report on Friday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $79.00 target price on shares of IREN in a report on Friday. Finally, HC Wainwright reissued a “buy” rating and issued a $90.00 target price on shares of IREN in a report on Friday.

IREN Stock Down 12.5%

NASDAQ IREN opened at $35.45 on Monday. The firm has a 50-day simple moving average of $41.19 and a 200 day simple moving average of $45.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72. The stock has a market cap of $12.67 billion, a PE ratio of -15.15 and a beta of 4.29. IREN has a twelve month low of $25.31 and a twelve month high of $76.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co raised its stake in shares of IREN by 19.8% in the first quarter. CENTRAL TRUST Co now owns 1,485 shares of the company’s stock worth $51,000 after acquiring an additional 245 shares during the last quarter. Versant Capital Management Inc increased its position in IREN by 14.5% in the second quarter. Versant Capital Management Inc now owns 2,509 shares of the company’s stock worth $115,000 after purchasing an additional 317 shares during the period. Vermillion Wealth Management Inc. raised its holdings in IREN by 19.1% during the 1st quarter. Vermillion Wealth Management Inc. now owns 2,049 shares of the company’s stock worth $70,000 after purchasing an additional 328 shares during the last quarter. Larson Financial Group LLC raised its holdings in 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 purchasing an additional 335 shares during the last quarter. Finally, Hollencrest Capital Management lifted its position in 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 during the period. Institutional investors and hedge funds own 41.08% of the company’s stock.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: AI demand and contracted revenue are accelerating. IREN reported approximately $1 billion in current operating annualized recurring revenue and more than $4 billion of contracted ARR tied to its 2026 capacity. AI Cloud revenue reached about $128.8 million for the year, while management said much of its FY26 capacity is sold out and expects ARR to exceed $4 billion by December. IREN Just Locked in $4 Billion in ARR
• Positive Sentiment: New financing supports the GPU buildout. Funds managed by Blue Owl arranged $2.4 billion of secured financing—split between a $1.2 billion term loan and $1.2 billion of notes—to help IREN purchase NVIDIA Blackwell Ultra systems for its Mackenzie, British Columbia, campus. IREN separately disclosed roughly $2.8 billion of GPU financings covering about 90% of associated GPU capital expenditures, reducing near-term equity funding needs. Blue Owl Managed Funds Lead Financing for IREN
• Positive Sentiment: Several analysts remained bullish after the report: Canaccord reaffirmed its Buy rating with a $79 target, while BTIG and Cantor Fitzgerald maintained Buy and Overweight ratings with $80 and $99 targets, respectively.
• Neutral Sentiment: The earnings picture was mixed. Quarterly revenue was approximately $137.2 million and the reported loss was $0.41 per share, better than some consensus estimates, although other estimates cited an adjusted loss of $0.74 and revenue below a $142.3 million forecast. IREN Earnings Report
• Negative Sentiment: A $684 million quarterly loss and major impairment overshadowed the AI progress. The charge, largely related to decommissioning Bitcoin-mining equipment, highlighted the financial pain of IREN’s pivot and pushed investors to reassess its near-term profitability.
• Negative Sentiment: Management indicated that sustained profitability may not arrive until 2029–2030, while planned FY27 capital spending of $25–$30 billion raises execution, funding, dilution and leverage concerns. The stock also broke below key moving averages, adding technical pressure.

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.