Baillie Gifford & Co. Makes New $26.42 Million Investment in IREN Limited $IREN

Baillie Gifford & Co. bought a new stake in shares of IREN Limited (NASDAQ:IREN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 562,993 shares of the company’s stock, valued at approximately $26,421,000. Baillie Gifford & Co. owned approximately 0.21% of IREN at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in IREN by 5.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 61,248 shares of the company’s stock valued at $892,000 after acquiring an additional 3,307 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in IREN by 59.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 25,038 shares of the company’s stock worth $365,000 after acquiring an additional 9,384 shares in the last quarter. Trivium Point Advisory LLC lifted its holdings in IREN by 220.5% during the second quarter. Trivium Point Advisory LLC now owns 256,360 shares of the company’s stock worth $3,735,000 after buying an additional 176,383 shares during the period. Matauro LLC boosted its position in IREN by 25.1% during the second quarter. Matauro LLC now owns 39,421 shares of the company’s stock valued at $574,000 after purchasing an additional 7,900 shares in the last quarter. Finally, Sava Infond d.o.o. boosted its holdings in shares of IREN by 65.0% in the 2nd quarter. Sava Infond d.o.o. now owns 16,500 shares of the company’s stock valued at $240,000 after buying an additional 6,500 shares in the last quarter. 41.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on IREN shares. Canaccord Genuity Group increased their price target on IREN from $42.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 10th. HC Wainwright upgraded shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Tuesday, January 13th. Roth Mkm set a $94.00 price objective on shares of IREN and gave the stock a “buy” rating in a research note on Monday, November 3rd. UBS Group restated a “buy” rating on shares of IREN in a research note on Friday, November 7th. Finally, Citigroup initiated coverage on IREN in a research note on Wednesday, November 19th. They set an “outperform” rating on the stock. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.36.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Technical momentum is building after a pullback—analysts note IREN is forming a bullish continuation pattern, holding key moving averages with improving momentum and Fibonacci targets that point toward further upside beyond prior highs. This narrative supports momentum-driven buying. IREN Price Forecast: Bullish Momentum Builds After Pullback
• Positive Sentiment: Strategic pivot toward Microsoft’s AI cloud is being discussed as reshaping the investment case for IREN—if partnerships or product integrations with Microsoft accelerate revenue growth or improve margins, that could materially raise investor expectations and valuation multiples. Market reactions suggest investors are pricing in potential upside from this shift. Is IREN’s Microsoft AI Cloud Pivot Reshaping The Investment Case For IREN (IREN)?
• Neutral Sentiment: Company announced its Q2 FY26 results release and conference call for Feb 5—this is a near-term catalyst that can reinforce the recent move (beat) or trigger a reset (miss). Investors should mark the date and listen for guidance, revenue mix and margin details. IREN to Release Q2 FY26 Results on February 5, 2026
• Negative Sentiment: After a strong run, the stock is pausing as investors take profits—coverage notes a short-term consolidation (“pause for breath”), which could increase volatility and lead to pullbacks if buying dries up or if upcoming results disappoint. IREN Shares Pause for Breath Following Meteoric Rise

IREN Price Performance

NASDAQ:IREN opened at $56.68 on Friday. The firm’s fifty day moving average is $45.40 and its two-hundred day moving average is $40.15. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of 29.22 and a beta of 4.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52. IREN Limited has a one year low of $5.13 and a one year high of $76.87.

IREN (NASDAQ:IREN) last issued its quarterly earnings data 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 net margin of 86.96% and a negative return on equity of 3.60%. The company had revenue of $240.30 million during the quarter, compared to analyst estimates of $244.60 million. IREN’s revenue was up 28.3% on a year-over-year basis. Research analysts expect that IREN Limited will post 0.43 EPS for the current year.

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.