IREN (NASDAQ:IREN) Stock Price Up 5.1% – Still a Buy?

IREN Limited (NASDAQ:IREN)’s stock price rose 5.1% during mid-day trading on Friday . The stock traded as high as $44.22 and last traded at $41.83. Approximately 74,613,136 shares changed hands during trading, an increase of 60% from the average daily volume of 46,493,324 shares. The stock had previously closed at $39.79.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Large, low‑cost financing secured — IREN announced a $3.6 billion delayed‑draw term facility (tied to its AI buildout) plus strong cash and a Microsoft prepayment, reducing near‑term dilution risk and funding GPU purchases needed to execute the AI strategy. IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?
• Positive Sentiment: Strategic AI validation — IREN’s pivot toward AI cloud services (including the large Microsoft contract and related prepayment) supports a transition from volatile bitcoin revenue to recurring, lease‑style AI income. This is the main structural reason bulls remain interested. The Great Pivot: Bitcoin Miners Are Becoming AI’s Landlords (IREN)
• Neutral Sentiment: Operational timeline and assets — management reiterated large secured power capacity (multi‑GW portfolio), new campus developments (e.g., Oklahoma) and an energization timetable (Sweetwater) that, if met, enable faster GPU deployments but create execution risk. IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?
• Neutral Sentiment: Company disclosure resources — the full Q2 presentation and earnings‑call transcript are available for investors to audit management’s guidance and timing on GPU deployment. IREN Q2 2026 Earnings Call Transcript
• Negative Sentiment: Q2 headline miss — IREN reported revenue of ~$184.7M (down ~23% Q/Q) and a wider loss; results missed analyst revenue and EPS expectations and included large non‑cash charges (derivative revaluations, impairments) that hurt the print and triggered short‑term selling. IREN’s Q2 Loss Wider Than Expected, Revenues Decline Q/Q
• Negative Sentiment: Crypto headwinds and market reaction — lower bitcoin revenue and a broader selloff in crypto/A I‑adjacent names amplified the decline; some analysts (and Bernstein commentary) framed the pullback as driven by concerns about AI deal execution and lingering crypto exposure. Bernstein says IREN selloff reflects missing AI deal, not earnings

Analyst Ratings Changes

A number of research analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on IREN in a report on Thursday, December 18th. They set a “neutral” rating and a $39.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of IREN in a research report on Monday, December 29th. Compass Point reaffirmed a “buy” rating and issued a $105.00 price target on shares of IREN in a report on Friday, November 7th. JPMorgan Chase & Co. increased their price objective on IREN from $28.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, November 24th. Finally, UBS Group restated a “buy” rating on shares of IREN in a research report on Friday, November 7th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.29.

IREN Stock Up 5.1%

The company has a market cap of $11.86 billion, a P/E ratio of 21.56 and a beta of 4.27. The stock has a 50-day moving average of $46.61 and a two-hundred day moving average of $42.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.45). IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The business had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. IREN’s revenue was down 23.1% compared to the same quarter last year. On average, research analysts anticipate that IREN Limited will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new position in IREN in the 3rd quarter worth approximately $25,000. Miller Wealth Advisors LLC increased 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 buying an additional 480 shares during the period. North Star Investment Management Corp. bought a new stake in IREN during the 4th quarter valued at $26,000. Aventura Private Wealth LLC purchased a new stake in IREN during the 4th quarter valued at $28,000. Finally, Motco bought a new stake in IREN in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

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.