IREN (NASDAQ:IREN) Stock Rating Lowered by CCB Int'l

Key Points

• CCB Int’l downgraded IREN from “outperform” to “neutral.”
• Analyst views remain mostly positive, with a “Moderate Buy” consensus and a $64.57 average price target, though several firms have recently cut their targets.
• IREN reported quarterly revenue of $228 million and a smaller-than-expected loss, while rapid AI-cloud growth is tempered by delayed revenue goals, ongoing losses, and significant funding needs.

IREN (NASDAQ:IREN - Get Free Report) was downgraded by stock analysts at CCB Int'l from an "outperform" rating to a "neutral" rating in a report issued on Monday, FinViz reports.

Other equities research analysts have also recently issued research reports about the company. Citigroup reiterated a "market outperform" rating on shares of IREN in a research note on Friday, August 28th. Compass Point reissued a "buy" rating and issued a $55.00 target price on shares of IREN in a research note on Monday. HC Wainwright lowered their target price on shares of IREN from $74.00 to $56.00 and set a "buy" rating on the stock in a report on Friday. Rothschild & Co Redburn started coverage on shares of IREN in a research report on Monday, September 21st. They set a "neutral" rating and a $40.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on shares of IREN from $65.00 to $55.00 and set an "overweight" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, IREN presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.57.

IREN Stock Performance

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

IREN (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.06. The company had revenue of $228.00 million during the quarter, compared to analysts' expectations of $228.26 million. IREN had a negative return on equity of 15.46% and a negative net margin of 99.38%. On average, analysts forecast that IREN will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC lifted its stake in IREN by 23.0% in the 3rd quarter. Western Wealth Management LLC now owns 11,564 shares of the company's stock worth $473,000 after purchasing an additional 2,162 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of IREN during the 3rd quarter valued at about $416,000. Phoenix Financial Ltd. grew its position in shares of IREN by 11.7% during the third quarter. Phoenix Financial Ltd. now owns 11,000 shares of the company's stock valued at $451,000 after purchasing an additional 1,150 shares in the last quarter. Eurizon Capital SGR S.p.A. grew its position in shares of IREN by 13.1% during the third quarter. Eurizon Capital SGR S.p.A. now owns 34,405 shares of the company's stock valued at $1,406,000 after purchasing an additional 3,990 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of IREN during the third quarter valued at about $218,000. Institutional investors own 41.08% of the company's stock.

IREN News Roundup

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.

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