Brokerages Set IREN Limited (NASDAQ:IREN) Price Target at $69.85

Shares of IREN Limited (NASDAQ:IREN) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $67.6429.

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of IREN in a research note on Thursday. They issued a “neutral” rating and a $39.00 price objective on the stock. B. Riley restated a “buy” rating on shares of IREN in a research report on Wednesday, October 22nd. Citizens Jmp assumed coverage on shares of IREN in a report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 price objective on the stock. Arete Research started coverage on shares of IREN in a research note on Wednesday, September 24th. They issued a “buy” rating and a $78.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of IREN in a research report on Monday.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Major contract & capital raise bolster growth outlook — Seeking Alpha highlights a potential $9.7 billion Microsoft contract, IREN’s target of ~$3.4B ARR by 2026 while using only a fraction of its power pipeline, and a recent $4B capital raise to fund GPUs and buildout. These are clear catalysts supporting revenue visibility and execution of AI data-center demand. IREN: Big Contract Catalyst
• Positive Sentiment: Analyst upgrade reduces near-term downside risk — Zacks moved IREN from “strong sell” to “hold,” which may help stabilize investor sentiment after recent volatility and supports the stock’s recovery narrative. Zacks upgrade coverage
• Neutral Sentiment: Goldman Sachs starts coverage with a neutral rating and $39 PT — initiation is not a buy and implies limited upside from current levels, so it likely tempers some of the upside from operational catalysts without adding fresh conviction. Goldman Sachs initiation
• Negative Sentiment: Analyst omission drove near-term selling pressure — A broader data-center analyst report named two preferred buys and left IREN off the top picks list, contributing to recent weakness as momentum players rotated to favorites. This explains some of the intraweek clobbering noted in coverage. Why Iren Stock Was Getting Clobbered This Week

IREN Stock Performance

Shares of NASDAQ IREN opened at $39.92 on Wednesday. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $52.41 and its two-hundred day moving average is $33.89. The company has a market cap of $11.32 billion, a P/E ratio of 20.58 and a beta of 4.23. IREN has a 12 month low of $5.13 and a 12 month high of $76.87.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in IREN during the third quarter worth $25,000. Quarry LP acquired a new stake in shares of IREN during the 1st quarter valued at about $40,000. Allianz SE bought a new stake in IREN in the third quarter valued at about $57,000. Sherman Asset Management Inc. acquired a new position in IREN in the third quarter worth about $59,000. Finally, Advisors Asset Management Inc. lifted its stake in IREN by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock worth $66,000 after purchasing an additional 1,839 shares during the period. 41.08% of the stock is currently owned by institutional investors and hedge funds.

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.