IREN (NASDAQ:IREN) Stock Rating Lowered by Wall Street Zen

IREN (NASDAQ:IREN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research report issued on Saturday.

Several other equities research analysts also recently commented on the stock. B. Riley Financial reiterated a “buy” rating on shares of IREN in a research note on Friday. Zacks Research raised IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Roth Mkm set a $94.00 price objective on IREN and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of IREN in a research note on Monday, December 29th. Finally, BTIG Research upped their target price on IREN from $32.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, IREN currently has an average rating of “Moderate Buy” and a consensus price target of $72.29.

IREN Price Performance

Shares of NASDAQ IREN opened at $41.83 on Friday. IREN has a fifty-two week low of $5.13 and a fifty-two week high of $76.87. The company has a market cap of $11.86 billion, a PE ratio of 31.45 and a beta of 4.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52. The business has a 50-day simple moving average of $46.49 and a two-hundred day simple moving average of $42.42.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.45). The company had revenue of $184.69 million for the quarter, compared to analyst estimates of $229.64 million. IREN had a net margin of 56.59% and a negative return on equity of 10.59%. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. As a group, equities analysts expect that IREN will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IREN. Centaurus Financial Inc. raised its position in IREN by 1.1% during the third quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock worth $1,477,000 after acquiring an additional 332 shares during the period. Larson Financial Group LLC raised its position 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 purchasing an additional 335 shares during the last quarter. Miller Wealth Advisors LLC lifted its stake in IREN by 240.0% in 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. Global Retirement Partners LLC acquired a new stake in IREN in the 3rd quarter worth about $25,000. Finally, SLT Holdings LLC increased its stake in IREN by 6.0% during the 3rd quarter. SLT Holdings LLC now owns 10,600 shares of the company’s stock worth $497,000 after buying an additional 600 shares in the last quarter. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Large, low‑cost financing secured — IREN announced a $3.6 billion delayed‑draw term facility (tied to its AI buildout) plus strong cash and a Microsoft prepayment, reducing near‑term dilution risk and funding GPU purchases needed to execute the AI strategy. IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?
• Positive Sentiment: Strategic AI validation — IREN’s pivot toward AI cloud services (including the large Microsoft contract and related prepayment) supports a transition from volatile bitcoin revenue to recurring, lease‑style AI income. This is the main structural reason bulls remain interested. The Great Pivot: Bitcoin Miners Are Becoming AI’s Landlords (IREN)
• Neutral Sentiment: Operational timeline and assets — management reiterated large secured power capacity (multi‑GW portfolio), new campus developments (e.g., Oklahoma) and an energization timetable (Sweetwater) that, if met, enable faster GPU deployments but create execution risk. IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?
• Neutral Sentiment: Company disclosure resources — the full Q2 presentation and earnings‑call transcript are available for investors to audit management’s guidance and timing on GPU deployment. IREN Q2 2026 Earnings Call Transcript
• Negative Sentiment: Q2 headline miss — IREN reported revenue of ~$184.7M (down ~23% Q/Q) and a wider loss; results missed analyst revenue and EPS expectations and included large non‑cash charges (derivative revaluations, impairments) that hurt the print and triggered short‑term selling. IREN’s Q2 Loss Wider Than Expected, Revenues Decline Q/Q
• Negative Sentiment: Crypto headwinds and market reaction — lower bitcoin revenue and a broader selloff in crypto/A I‑adjacent names amplified the decline; some analysts (and Bernstein commentary) framed the pullback as driven by concerns about AI deal execution and lingering crypto exposure. Bernstein says IREN selloff reflects missing AI deal, not earnings

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.