IREN (NASDAQ:IREN) Stock Moved Down to Neutral by CCB Int’l

CCB Int’l lowered shares of IREN (NASDAQ:IREN) from an outperform rating to a neutral rating in a research note issued to investors on Monday,FinViz reports.

A number of other equities research analysts have also issued reports on the company. Cantor Fitzgerald reduced their target price on IREN from $99.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday. Northland Securities started coverage on IREN in a research report on Friday, September 18th. They set an “outperform” rating and a $99.00 price target for the company. JPMorgan Chase & Co. cut their price target on IREN from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Monday. Weiss Ratings cut IREN from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, October 28th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 price objective on shares of IREN in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.57.

IREN Stock Down 1.1%

Shares of NASDAQ IREN opened at $21.41 on Monday. IREN has a 12-month low of $17.16 and a 12-month high of $70.71. The company has a market capitalization of $8.44 billion, a PE ratio of -5.25 and a beta of 4.33. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55. The firm’s 50-day moving average is $35.59 and its two-hundred day moving average is $43.44.

IREN (NASDAQ:IREN) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.06. IREN had a negative net margin of 99.38% and a negative return on equity of 15.46%. The business had revenue of $228.00 million for the quarter, compared to analyst estimates of $228.26 million. Equities analysts anticipate that IREN will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On IREN

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in IREN by 177.5% in the 2nd quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock valued at $32,000 after purchasing an additional 442 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of IREN by 521.0% during the second quarter. Harbor Investment Advisory LLC now owns 1,037 shares of the company’s stock worth $47,000 after purchasing an additional 870 shares in the last quarter. Hollencrest Capital Management lifted its stake in shares of IREN by 50.0% during the first quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock worth $36,000 after purchasing an additional 350 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of IREN by 5,159.1% during the second quarter. MCF Advisors LLC now owns 1,157 shares of the company’s stock worth $53,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS purchased a new stake in shares of IREN in the first quarter worth about $59,000. 41.08% of the stock is owned by institutional investors and hedge funds.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN reported fiscal Q1 AI cloud revenue of about $200 million, nearly all of its $228 million in total revenue. One bullish analysis cited 182% quarter-over-quarter AI cloud growth and a 29% adjusted EBITDA margin as evidence that the business is scaling. IREN Could Be 70% Undervalued On Strong Q1 AI Cloud Revenue
• Positive Sentiment: The company plans to exit bitcoin mining by the end of 2026 and focus capital on AI data centers, aligning its business with demand for AI computing. JonesTrading upgraded the shares to Buy with a $40 target, though that target remains well below some earlier expectations. Why IREN Is Exiting Bitcoin Mining JonesTrading upgrade
• Neutral Sentiment: JPMorgan kept an Overweight rating but reduced its price target from $65 to $55. Cantor Fitzgerald also maintained Overweight while cutting its target sharply, from $99 to $47, reflecting a more cautious outlook despite potential upside from current levels. JPMorgan price target Cantor cuts IREN price target
• Negative Sentiment: IREN’s goal of more than $4 billion in annual recurring revenue has slipped to early 2027. Reports cite delayed customer deployments, including Microsoft-related capacity, alongside rising costs, ongoing losses, and a potential $6 billion funding gap. These issues raise doubts about how quickly the company can turn its large contracted backlog into revenue. IREN’s $4B Revenue Goal Delayed
• Negative Sentiment: Broader worries about lending to AI data-center developers add pressure to a capital-intensive expansion. The combination of deployment delays and financing needs is a key counterweight to IREN’s strong AI revenue growth. AI lending worries mount

IREN Company Profile

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs.

Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas.