Analysts' ratings for IREN (NASDAQ:IREN) over the last quarter vary from bullish to bearish, as provided by 10 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 4 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Analysts have set 12-month price targets for IREN, revealing an average target of $18.2, a high estimate of $23.00, and a low estimate of $14.00. This current average reflects an increase of 15.56% from the previous average price target of $15.75.
Interpreting Analyst Ratings: A Closer Look
A clear picture of IREN's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Lucas Pipes | B. Riley Securities | Raises | Buy | $16.00 | $15.00 |
| Stephen Glagola | Jones Trading | Announces | Buy | $22.00 | - |
| Reginald Smith | JP Morgan | Raises | Neutral | $15.00 | $9.50 |
| Paul Golding | Macquarie | Raises | Outperform | $19.00 | $13.50 |
| Brett Knoblauch | Cantor Fitzgerald | Raises | Overweight | $23.00 | $20.00 |
| Joseph Vafi | Canaccord Genuity | Raises | Buy | $17.00 | $15.00 |
| Mike Colonnese | HC Wainwright & Co. | Raises | Buy | $16.00 | $13.00 |
| Brett Knoblauch | Cantor Fitzgerald | Maintains | Overweight | $20.00 | $20.00 |
| Brett Knoblauch | Cantor Fitzgerald | Maintains | Overweight | $20.00 | $20.00 |
| Darren Aftahi | Roth MKM | Announces | Buy | $14.00 | - |
Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to IREN. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of IREN compared to the broader market. Price Targets: Analysts provide insights into price targets, offering estimates for the future value of IREN's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of IREN's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on IREN analyst ratings.
Discovering IREN: A Closer Look
IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.
Key Indicators: IREN's Financial Health
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: IREN's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 58.12%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: IREN's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -95.07%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): IREN's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -4.64%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): IREN's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -4.25%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.0.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
Latest Ratings for IREN
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Compass Point | Downgrades | Buy | Neutral |
| Feb 2022 | Cantor Fitzgerald | Initiates Coverage On | Overweight | |
| Jan 2022 | Cowen & Co. | Initiates Coverage On | Outperform |
View More Analyst Ratings for IREN
View the Latest Analyst Ratings
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