IREN (NASDAQ:IREN) Shares Up 4.9% – Should You Buy?

IREN Limited (NASDAQ:IREN) rose 4.9% on Wednesday . The company traded as high as $63.59 and last traded at $62.94. Approximately 43,053,003 shares were traded during trading, a decline of 0% from the average daily volume of 43,104,102 shares. The stock had previously closed at $59.99.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Anthropic funding and larger AI demand are driving IREN’s strategic shift from bitcoin mining to building AI-optimized data centers, increasing expected long?term revenue from cloud/AI customers and validating its pivot. Anthropic Funding Fuels IREN Shift From Bitcoin Mining To AI Centers
• Positive Sentiment: Major enterprise deals (notably a recently reported ~$9.7B Microsoft-related agreement cited in coverage) and comparisons vs. peers highlight large backlog potential and long-term growth from hyperscaler customers. This supports upside revenue visibility if deployments scale. Iren vs. Applied Digital: Which Is the Better Long-Term Play?
• Positive Sentiment: A disclosed congressional purchase of IREN shares (Rep. Dale Strong) has drawn investor attention and can be read as a signal of insider/connected interest, which sometimes attracts retail and momentum flows. Rep. Dale Strong Makes First-Ever Stock Trade With Purchase of IREN Shares
• Neutral Sentiment: Analyst and media coverage note strong AI cloud?led revenue trajectory and GPU expansion prospects for IREN, but also emphasize that growth is balanced by heavy capex and execution risk—an ambiguous near?term read for the stock. IREN Limited Gears Up for Q2 Earnings: What Lies Ahead for the Stock?
• Neutral Sentiment: Earlier volatility included a sharp move higher on renewed AI bets, reflecting momentum trading; such moves can reverse quickly as investors reassess fundamentals vs. hype. IREN Ltd. (IREN) soars 14.6% on further AI bets
• Negative Sentiment: Analysts expect a decline in near?term earnings and flag that IREN lacks the setup for an earnings beat in the upcoming report—this raises downside risk for the stock if results or guidance disappoint. Analysts Estimate IREN Limited (IREN) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Prior reported results showed a large EPS miss and margin/ROE weakness, underscoring execution and profitability concerns that amplify sensitivity to any weak quarterly print or heavy near?term capex news. Source: company prior quarter release (Nov).

Analyst Upgrades and Downgrades

A number of research analysts have commented on IREN shares. Macquarie upped their price objective on IREN to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Roth Mkm set a $94.00 price target on shares of IREN and gave the stock a “buy” rating in a research report on Monday, November 3rd. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, January 13th. Citigroup initiated coverage on shares of IREN in a research report on Wednesday, November 19th. They set an “outperform” rating on the stock. Finally, Citizens Jmp began coverage on shares of IREN in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $80.00 price target for the company. 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, IREN presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.

IREN Stock Down 10.2%

The firm has a 50 day simple moving average of $46.62 and a two-hundred day simple moving average of $41.41. The stock has a market capitalization of $15.23 billion, a P/E ratio of 27.70 and a beta of 4.25. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The business had revenue of $240.30 million for the quarter, compared to analyst estimates of $244.60 million. IREN’s quarterly revenue was up 28.3% on a year-over-year basis. On average, equities research analysts expect that IREN Limited will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On IREN

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new stake in shares of IREN during the third quarter worth $25,000. Miller Wealth Advisors LLC lifted its stake in shares of IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of IREN during the 4th quarter valued at $26,000. Aventura Private Wealth LLC bought a new stake in IREN during the 4th quarter worth $28,000. Finally, Albion Financial Group UT bought a new stake in IREN during the 4th quarter worth $38,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

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.