IREN (NASDAQ:IREN) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of IREN (NASDAQ:IREN) from a hold rating to a strong sell rating in a research note issued to investors on Saturday morning.

A number of other brokerages have also commented on IREN. Zacks Research upgraded shares of IREN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of IREN in a research note on Monday, December 29th. Compass Point reissued a “buy” rating and issued a $105.00 price target on shares of IREN in a report on Friday, November 7th. JPMorgan Chase & Co. lifted their price objective on IREN from $28.00 to $39.00 and gave the stock an “underweight” rating in a report on Monday, November 24th. Finally, Citigroup initiated coverage on IREN in a research report on Wednesday, November 19th. They issued 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.29.

IREN Stock Performance

IREN stock opened at $46.15 on Friday. The firm has a market capitalization of $13.08 billion, a PE ratio of 34.70 and a beta of 4.26. IREN has a one year low of $5.13 and a one year high of $76.87. The stock’s 50 day moving average price is $46.44 and its 200 day moving average price is $42.95. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96.

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 analysts’ consensus estimates of ($0.07) by ($0.45). The firm had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. As a group, sell-side analysts expect that IREN will post 0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On IREN

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in IREN in the third quarter worth $25,000. Miller Wealth Advisors LLC lifted its position in shares of IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. North Star Investment Management Corp. acquired a new position in shares of IREN in the 4th quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in shares of IREN in the 4th quarter valued at about $27,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of IREN during the 4th quarter valued at about $28,000. 41.08% of the stock is owned by institutional investors and hedge funds.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Broad AI capex thesis — Analysts argue that a multiyear AI infrastructure spending cycle (est. ~$515B for big tech) will benefit underlying cloud and infrastructure providers, which supports higher multiples and revenue growth potential for companies with AI cloud exposure like IREN. CAPEX & Cash Flow: The Bull Case for AI Infrastructure Stocks
• Positive Sentiment: Market breadth shift toward AI spending — Commentary noting a post-correction rotation back into AI/infrastructure names implies more buyers for stocks exposed to AI cloud momentum, a tailwind for IREN’s valuation and investor flows. Bulls Take Control Amid New AI Spending & Expanding Breadth
• Positive Sentiment: Stock-selection interest in AI infra leaders — Coverage naming AI infrastructure stocks that could outperform (relative to incumbents like NVIDIA) keeps investor focus on alternative plays with attractive growth leverage, supporting demand for IREN if investors view it as a beneficiary. 3 AI Infrastructure Stocks That Can Outperform Nvidia Over The Next 5 Years
• Neutral Sentiment: Mixed post‑Q2 read — A Zacks note says IREN shares rose on AI cloud momentum after Q2, but warns the company missed EPS and revenue expectations (recent quarter: EPS miss; revenue down year-over-year) and faces rising competition and a premium valuation, suggesting caution despite positive top-line narrative. Should You Buy, Sell or Hold IREN Stock Post Q2 Earnings?
• Negative Sentiment: Price-target cut by Macquarie — Macquarie lowered IREN’s price target to $70 while keeping an Outperform rating, signaling some analyst caution that could limit upside or temper momentum even as the rating remains positive. Macquarie Lowers Iren (IREN) PT to $70 While Maintaining Outperform Rating

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.