IREN (NASDAQ:IREN) Price Target Lowered to $61.00 at Cantor Fitzgerald

IREN (NASDAQ:IREN) had its price objective reduced by Cantor Fitzgerald to $61.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

IREN has been the subject of a number of other research reports. Canaccord Genuity Group reissued a “buy” rating and set a $70.00 price objective on shares of IREN in a research report on Tuesday, February 10th. Freedom Capital raised IREN to a “hold” rating in a research report on Wednesday, April 1st. Weiss Ratings raised IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. B. Riley Financial reissued a “buy” rating on shares of IREN in a research report on Friday, February 6th. Finally, Zacks Research raised IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, IREN has an average rating of “Moderate Buy” and a consensus price target of $70.08.

IREN Stock Performance

Shares of IREN stock opened at $37.06 on Thursday. IREN has a 1-year low of $5.24 and a 1-year high of $76.87. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $12.31 billion, a price-to-earnings ratio of 27.86 and a beta of 4.30. The stock’s fifty day simple moving average is $41.10 and its 200-day simple moving average is $47.53.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The business had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. The company’s revenue for the quarter was down 23.1% compared to the same quarter last year. On average, sell-side analysts predict that IREN will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of IREN

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of IREN in the third quarter worth about $1,854,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of IREN by 88.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,230 shares of the company’s stock worth $5,408,000 after purchasing an additional 53,982 shares during the period. Meridian Wealth Management LLC bought a new position in shares of IREN in the third quarter worth about $2,995,000. Beryl Capital Management LLC bought a new position in shares of IREN in the second quarter worth about $5,828,000. Finally, Avaii Wealth Management LLC increased its stake in shares of IREN by 208.9% in the fourth quarter. Avaii Wealth Management LLC now owns 145,767 shares of the company’s stock worth $5,506,000 after purchasing an additional 98,581 shares during the period. Institutional investors and hedge funds own 41.08% of the company’s stock.

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Several analyst reports point to substantial upside vs. the current price, with a Wall Street consensus price target reported near $73.47 (~99% upside), highlighting expectations that contracted revenue tied to AI compute demand will reaccelerate growth. Down 50%, Analysts Thinks IREN (IREN) Doubles from Here
• Positive Sentiment: Independent coverage lists IREN among oversold data‑center/AI infrastructure names and cites a consensus target (~$80) implying >100% upside, reflecting continued analyst bullishness on AI-linked demand. Analysts See Over 100% Upside in IREN (IREN)
• Positive Sentiment: Cantor Fitzgerald lowered its price target to $61.00 but kept an “overweight” rating—an analyst action that can support buying interest because it still implies material upside from current levels. Cantor Fitzgerald price target update (TickerReport)
• Neutral Sentiment: Coverage examines IREN’s valuation after a strategic pivot toward Microsoft‑aligned AI compute and after recent capital raises; this context helps explain shifting multiples but doesn’t change near-term fundamentals. A Look At IREN Valuation After Its Microsoft AI Pivot And Recent Capital Raises
• Neutral Sentiment: Short‑term price moves have been linked to macro/geopolitical news rather than company fundamentals, producing episodic intraday jumps that may not reflect long‑term trends. Why Is IREN Stock Jumping Wednesday?
• Negative Sentiment: Technical commentary notes IREN has slumped into a bear market from its highs and is under pressure, signaling elevated downside risk and volatility despite longer‑term bullish forecasts. IREN stock is under pressure as technicals point to a rebound

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.