IREN Limited (NASDAQ:IREN) Receives $20.44 Average Price Target from Analysts

Posted by Defense World Staff on Jul 23rd, 2025

IREN Limited (NASDAQ:IREN – Get Free Report) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.44.

Several research analysts have issued reports on IREN shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $23.00 target price on shares of IREN in a report on Friday, May 16th. B. Riley reaffirmed a “buy” rating and issued a $22.00 target price (up from $15.00) on shares of IREN in a report on Thursday, July 10th. HC Wainwright decreased their target price on shares of IREN from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, May 15th. Macquarie lifted their target price on shares of IREN from $15.50 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Finally, Wall Street Zen raised shares of IREN from a “sell” rating to a “hold” rating in a report on Saturday, July 12th.

Check Out Our Latest Research Report on IREN

Institutional Investors Weigh In On IREN

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in IREN by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 13,212 shares of the company’s stock worth $80,000 after purchasing an additional 1,387 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in IREN by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,268 shares of the company’s stock worth $123,000 after purchasing an additional 2,035 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in IREN by 5.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,248 shares of the company’s stock worth $892,000 after purchasing an additional 3,307 shares during the last quarter. TRU Independence Asset Management 2 LLC boosted its stake in IREN by 22.1% during the 1st quarter. TRU Independence Asset Management 2 LLC now owns 20,241 shares of the company’s stock worth $123,000 after purchasing an additional 3,670 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in IREN by 17.5% during the 2nd quarter. Belpointe Asset Management LLC now owns 29,348 shares of the company’s stock worth $428,000 after purchasing an additional 4,374 shares during the last quarter. Institutional investors and hedge funds own 41.08% of the company’s stock.

IREN Stock Up 2.4%

IREN stock opened at $18.59 on Friday. IREN has a 52 week low of $5.13 and a 52 week high of $21.54. The firm’s fifty day moving average is $12.17 and its 200 day moving average is $9.79.

IREN (NASDAQ:IREN – Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The firm had revenue of $148.10 million during the quarter, compared to the consensus estimate of $153.38 million. IREN had a negative return on equity of 2.12% and a negative net margin of 9.40%. On average, research analysts forecast that IREN will post 0.43 earnings per share for the current fiscal year.