IREN (NASDAQ:IREN) Upgraded by Rothschild & Co Redburn to “Hold” Rating

IREN (NASDAQ:IREN) was upgraded by analysts at Rothschild & Co Redburn to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other research analysts have also weighed in on IREN. JPMorgan Chase & Co. raised shares of IREN from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $46.00 to $65.00 in a research note on Monday, September 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of IREN in a report on Tuesday, July 21st. The Goldman Sachs Group reiterated a “neutral” rating on shares of IREN in a research report on Monday, July 20th. BTIG Research reissued a “buy” rating and set a $80.00 price objective on shares of IREN in a research note on Monday, September 14th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $79.00 target price on shares of IREN in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, IREN has an average rating of “Moderate Buy” and an average target price of $81.25.

IREN Stock Performance

IREN opened at $47.23 on Monday. The firm has a market capitalization of $18.61 billion, a PE ratio of -20.18 and a beta of 4.28. IREN has a twelve month low of $28.93 and a twelve month high of $76.87. The firm’s 50-day moving average price is $40.62 and its 200 day moving average price is $45.63. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.80.

Institutional Trading of IREN

Several institutional investors have recently made changes to their positions in the company. CENTRAL TRUST Co grew its holdings in shares of IREN by 19.8% during the first quarter. CENTRAL TRUST Co now owns 1,485 shares of the company’s stock worth $51,000 after purchasing an additional 245 shares during the last quarter. Allworth Financial LP lifted its stake in shares of IREN by 4.4% in the 2nd quarter. Allworth Financial LP now owns 7,162 shares of the company’s stock worth $328,000 after acquiring an additional 305 shares during the period. Versant Capital Management Inc boosted its holdings in shares of IREN by 14.5% in the second quarter. Versant Capital Management Inc now owns 2,509 shares of the company’s stock valued at $115,000 after acquiring an additional 317 shares in the last quarter. Vermillion Wealth Management Inc. increased its stake in shares of IREN by 19.1% during the first quarter. Vermillion Wealth Management Inc. now owns 2,049 shares of the company’s stock worth $70,000 after acquiring an additional 328 shares during the period. Finally, Hollencrest Capital Management lifted its position in IREN by 50.0% in the first quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock valued at $36,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 41.08% of the company’s stock.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Bitcoin strength supports mining economics. Recent coverage links IREN’s momentum to higher Bitcoin prices, which can improve the value of the company’s digital-asset holdings and the economics of its mining operations. IREN Stock Surges on Bitcoin Rally and Bullish AI Infrastructure Outlook
• Positive Sentiment: AI infrastructure is becoming the larger growth narrative. IREN says it has secured a 5GW-plus power pipeline and is pursuing large-scale AI data-center deployments, with billions of dollars in contracted annual recurring revenue cited as support for future expansion. IREN Expands Its 5GW+ Pipeline
• Positive Sentiment: Strong liquidity improves strategic flexibility. An investment analysis highlights roughly $7.6 billion in cash and IREN’s plans to build one of the world’s largest AI data centers, potentially giving it resources to capitalize on demand for computing capacity. Iris Energy Is Sitting on $7.6 Billion in Cash and Building One of the Largest AI Data Centers
• Neutral Sentiment: Analysts and financial-media comparisons place IREN among emerging “neocloud” providers alongside CoreWeave and Nebius. The opportunity is substantial, but investors are comparing which company can best convert power capacity into revenue and profits. Neocloud Boom Comparing Nebius CoreWeave and IREN
• Negative Sentiment: Execution and financing risks remain significant. Coverage flags the need for heavy investment, possible additional capital, customer concentration and the challenge of delivering IREN’s ambitious 5GW-plus pipeline. Bitcoin volatility also leaves part of the business exposed to sharp changes in market conditions. CRWV vs IREN Which Neocloud Stock Offers the Stronger Upside Case

About IREN

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on high-performance computing. The company develops and operates data centers powered by renewable energy and uses this infrastructure primarily for Bitcoin mining and, increasingly, artificial intelligence and other GPU-intensive cloud-computing applications.

IREN designs, builds and operates its own data centers, providing access to electrical power, computing hardware and related infrastructure.