IREN (NASDAQ:IREN) Stock Price Up 5.3% Following Analyst Upgrade

IREN Limited (NASDAQ:IREN)’s share price was up 5.3% on Tuesday after HC Wainwright upgraded the stock from a sell rating to a buy rating. HC Wainwright now has a $80.00 price target on the stock. IREN traded as high as $53.00 and last traded at $52.99. Approximately 40,473,039 shares traded hands during trading, an increase of 5% from the average daily volume of 38,508,887 shares. The stock had previously closed at $50.33.

Several other equities research analysts also recently issued reports on the company. Citigroup began coverage on IREN in a report on Wednesday, November 19th. They set an “outperform” rating on the stock. BTIG Research raised their price target on shares of IREN from $32.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group began coverage on shares of IREN in a research note on Thursday, December 18th. They issued a “neutral” rating and a $39.00 price target for the company. Compass Point reiterated a “buy” rating and set a $105.00 price objective on shares of IREN in a research note on Friday, November 7th. Finally, Arete Research assumed coverage on shares of IREN in a report on Wednesday, September 24th. They set a “buy” rating and a $78.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, IREN presently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: HC Wainwright upgraded IREN from Sell to Buy and set an $80 price target (roughly ~51% upside to current levels), providing a clear broker-driven catalyst for buying interest. H.C. Wainwright Upgrade
• Positive Sentiment: Bullish investor write-ups argue valuation is attractive and management’s AI-cloud revenue targets (management cites $3.4B annualized by end‑2026) support upside, reinforcing momentum buyers. Seeking Alpha — Doubling Down
• Positive Sentiment: Market narrative around IREN’s strategic pivot into AI infrastructure is gaining traction and helping sentiment, with coverage highlighting the company’s positioning in large cloud/AI contracts. Aktiencheck — AI Pivot
• Neutral Sentiment: Reports say IREN is seeking funding to support a major Microsoft AI partnership — this underlines growth potential but also raises near-term financing and dilution questions until details are announced. Aktiencheck — Funding for Microsoft AI Partnership
• Neutral Sentiment: Recap pieces on IREN’s explosive 2025 gains are keeping investors focused on the company’s long-term asset build and prior performance, supporting momentum but not a new fundamental driver. Motley Fool — 2025 Recap
• Negative Sentiment: Critical analysis warns IREN remains a speculative gamble — concerns about sustainability of the thesis and execution risk could limit upside for risk‑averse investors. Seeking Alpha — Speculative Gamble
• Negative Sentiment: Recent quarterly results (Nov 6) missed EPS and revenue expectations, which remains an execution risk until future quarters show consistent top‑line and margin improvement; investors should weigh this against the bullish AI narrative. Source: IREN earnings release

Institutional Trading of IREN

Several institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new position in shares of IREN in the 3rd quarter worth about $25,000. Aventura Private Wealth LLC bought a new stake in shares of IREN during the 4th quarter valued at about $28,000. Allianz SE acquired a new stake in IREN during the third quarter worth about $57,000. Sherman Asset Management Inc. bought a new position in IREN in the third quarter worth about $59,000. Finally, Advisors Asset Management Inc. boosted its stake in IREN by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock valued at $66,000 after acquiring an additional 1,839 shares during the period. Institutional investors own 41.08% of the company’s stock.

IREN Stock Performance

The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 27.31 and a beta of 4.25. The stock has a 50 day simple moving average of $46.15 and a 200 day simple moving average of $38.15. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34.

IREN (NASDAQ:IREN) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.48). IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The company had revenue of $240.30 million during the quarter, compared to the consensus estimate of $244.60 million. IREN’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, analysts anticipate that IREN Limited will post 0.43 earnings per share for the current fiscal year.

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.