IREN (NASDAQ:IREN) Stock Price Up 5.5% – Should You Buy?

IREN Limited (NASDAQ:IREN)’s stock price rose 5.5% on Friday . The company traded as high as $43.47 and last traded at $42.22. Approximately 31,426,572 shares changed hands during trading, a decline of 30% from the average daily volume of 45,038,438 shares. The stock had previously closed at $40.03.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Added to the MSCI USA Index effective Feb. 27, which should boost passive/institutional demand and support liquidity for the stock. IREN Added to MSCI USA Index
• Positive Sentiment: Reports that major banks (Goldman, JPMorgan) are part of a large ~ $3.6B credit facility to fund GPU expansion — a clear vote of confidence that reduces dilution risk and funds the AI pivot. IREN Bounces Back: The Market Votes Yes as Big Banks Step In
• Positive Sentiment: Execution progress: IREN says it has >4.5 GW of secured capacity and has nearly 95% funding secured for the $9.7B Microsoft AI contract; Q2 showed strong AI services revenue growth (large percentage gains from a small base). This supports longer‑term ARR expansion potential. IREN: Execution De‑Risk And Secured Capacity Drives Growth
• Positive Sentiment: Brokerage support: Canaccord reaffirmed a “Buy” and coverage notes (and Cantor Fitzgerald framed the post‑earnings dip as a buying opportunity), which can attract more institutional buyers. Canaccord Genuity Group Reaffirms Buy for IREN Cantor Fitzgerald view
• Neutral Sentiment: Analyst/earnings expectations and market commentary remain mixed; some outlets highlight institutional accumulation and a potential rerating if AI revenue ramps, while sell‑side models still flag execution and margin risk. Equities Analysts Set Expectations for IREN Q3
• Negative Sentiment: Q2 results contained headline misses: EPS and revenue fell short of consensus, and investor reaction included a sharp sell‑off earlier in the month — retail sentiment on social platforms cooled as traders dissected the quarter. That short‑term skepticism drove volatility. IREN Drops 14% as Bitcoin Mining Revenue Falls to $167 Million
• Neutral Sentiment: Short‑interest reports in this data set are inconsistent/ambiguous (published figures show zeros/NaN), so while some headlines claim rising short interest, the data provided here is not actionable. Investors should check official exchange short‑interest releases.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citizens Jmp started coverage on shares of IREN in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 price objective for the company. Zacks Research raised IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Cantor Fitzgerald cut their target price on IREN to $82.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. JPMorgan Chase & Co. raised their target price on IREN from $28.00 to $39.00 and gave the stock an “underweight” rating in a research note on Monday, November 24th. Finally, HC Wainwright raised 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. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.29.

IREN Trading Up 5.7%

The business has a 50 day moving average of $46.33 and a two-hundred day moving average of $43.10. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 31.81 and a beta of 4.27. 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 released its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The firm had revenue of $184.69 million for the quarter, compared to the consensus estimate of $229.64 million. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. Equities analysts predict that IREN Limited will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new position in IREN in the 3rd quarter valued at about $25,000. Miller Wealth Advisors LLC raised its stake in shares of IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. North Star Investment Management Corp. bought a new position in shares of IREN in the fourth quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new position in shares of IREN during the fourth quarter valued at approximately $27,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of IREN during the fourth quarter valued at approximately $28,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

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.