<div id="readability-page-1"><p><span>IREN (NASDAQ:IREN - Get Free Report)</span> had its target price upped by Cantor Fitzgerald  from $100.00 to $142.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an &#34;overweight&#34; rating on the stock. Cantor Fitzgerald's price target indicates a potential upside of 96.14% from the company's previous close.</p><ul><li>3 of the Most Overbought Stocks in the Market Right Now</li></ul><p>Other research analysts have also issued research reports about the stock. JPMorgan Chase &amp; Co.  restated an &#34;underweight&#34; rating and set a $24.00 target price (up previously from $16.00) on shares of IREN in a research report on Friday, September 26th. Canaccord Genuity Group raised their price target on shares of IREN from $37.00 to $42.00 and gave the company a &#34;buy&#34; rating in a research note on Tuesday, September 16th. Arete initiated coverage on shares of IREN in a research report on Wednesday, September 24th. They set a &#34;buy&#34; rating and a $78.00 price target on the stock. Arete Research initiated coverage on shares of IREN in a research report on Wednesday, September 24th. They set a &#34;buy&#34; rating and a $78.00 price target on the stock. Finally, Jones Trading cut shares of IREN from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday, September 2nd. Ten research analysts have rated the stock with a Buy rating, three have issued  a Hold rating and three have issued  a Sell rating to the company. Based on data from MarketBeat.com, the stock  has a consensus rating of &#34;Hold&#34; and an average price target of $64.45.</p><p><b>View Our Latest Stock Report on IREN</b></p><h2>IREN Trading Up 19.2%</h2><ul><li>How IREN is Building an AI Powerhouse on a Bitcoin Foundation</li></ul><p>Shares of NASDAQ:IREN opened at $72.40 on Monday. The company's 50-day moving average price is $45.46 and its two-hundred day moving average price is $24.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.29 and a quick ratio of 4.29. IREN has a one year low of $5.13 and a one year high of $75.73. The stock has a market capitalization of $19.69 billion, a PE ratio of 122.14 and a beta of 4.21. </p><p>IREN (NASDAQ:IREN - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $187.30 million for the quarter, compared to analyst estimates of $187.51 million. IREN had a net margin of 33.03% and a return on equity of 1.34%.  On average, equities analysts forecast that  IREN will post 0.43 EPS for the current fiscal year. </p><h2>Insider Activity</h2><ul><li>IREN Is Up 186% YTD on AI Pivot—And It’s Just Getting Started</li></ul><p>In other news, CEO Daniel John Roberts sold 1,000,000 shares of IREN stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $33.13, for a total transaction of $33,130,000.00. Following the sale, the chief executive officer directly owned 13,989,696 shares in the company, valued at $463,478,628.48. The trade was a 6.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.02% of the stock is currently owned by corporate insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in  IREN during the third quarter valued at $25,000.  Vermillion Wealth Management Inc. purchased a new stake in  IREN in the 3rd quarter worth about $74,000.  CWM LLC bought a new stake in  IREN in the 3rd quarter valued at about $165,000.  Advisors Asset Management Inc. lifted its holdings in  IREN by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company's stock valued at $66,000 after purchasing an additional 1,839 shares during the last quarter.  Finally, Pinnacle Financial Partners Inc purchased a new position in shares of  IREN in the third quarter worth about $213,000. 41.08% of the stock is owned by institutional investors. </p><h2>About IREN</h2> (Get Free Report)<p>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. </p><h2>Read More</h2><ul><li>Five stocks we like better than IREN</li><li>Diversification Can Smooth Returns And Mitigate Portfolio Risk</li><li>Boeing Closes in on Airbus With Best Delivery Quarter Since 2018</li><li>How Technical Indicators Can Help You Find Oversold Stocks </li><li>Put It on My Card: Why Luxury Brands and Payments Firms Pair Well</li><li>Insider Trades May Not Tell You What You Think</li><li>3 Safe and Steady Stocks for Any Market</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SVJFTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SVJFTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in IREN Right Now?</h2><p>Before you consider IREN, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IREN wasn't on the list.</p><p>While IREN currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

IREN

<p>Cantor Fitzgerald raised its price target for IREN (NASDAQ:IREN) from $100.00 to $142.00, maintaining an "overweight" rating. This suggests a potential upside of 96.14% from the previous close. Other analysts have mixed ratings, with JPMorgan maintaining an "underweight" at $24.00, while Canaccord Genuity set a target of $42.00 with a "buy" rating. IREN's stock has seen significant growth, up 186% YTD, and the company reported earnings of $0.19 per share, exceeding estimates. Institutional ownership stands at 41.08%.</p>

Cantor Fitzgerald Issues Positive Forecast for IREN (NASDAQ:IREN) Stock Price