Fintel reports that on November 7, 2025, HC Wainwright & Co. maintained coverage of IREN (NasdaqGS:IREN) with a Sell recommendation.
Analyst Price Forecast Suggests 0.68% Downside
As of October 30, 2025, the average one-year price target for IREN is $62.03/share. The forecasts range from a low of $24.24 to a high of $90.30. The average price target represents a decrease of 0.68% from its latest reported closing price of $62.46 / share.
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The projected annual revenue for IREN is 208MM, a decrease of 58.57%. The projected annual non-GAAP EPS is -0.36.
What is the Fund Sentiment?
There are 346 funds or institutions reporting positions in IREN. This is an increase of 113 owner(s) or 48.50% in the last quarter. Average portfolio weight of all funds dedicated to IREN is 0.49%, an increase of 43.76%. Total shares owned by institutions increased in the last three months by 19.04% to 148,188K shares. 
The put/call ratio of IREN is 0.80, indicating a bullish outlook.
What are Other Shareholders Doing?
BIT Capital holds 16,234K shares representing 5.93% ownership of the company. In its prior filing, the firm reported owning 15,960K shares , representing an increase of 1.68%. The firm increased its portfolio allocation in IREN by 63.67% over the last quarter.
Jane Street Group holds 8,351K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 3,310K shares , representing an increase of 60.37%. The firm increased its portfolio allocation in IREN by 373.93% over the last quarter.
Group One Trading holds 6,481K shares representing 2.37% ownership of the company. In its prior filing, the firm reported owning 7,553K shares , representing a decrease of 16.54%. The firm increased its portfolio allocation in IREN by 56.58% over the last quarter.
Situational Awareness holds 6,400K shares representing 2.34% ownership of the company. In its prior filing, the firm reported owning 3,366K shares , representing an increase of 47.41%. The firm increased its portfolio allocation in IREN by 115.46% over the last quarter.
Susquehanna International Group, Llp holds 5,723K shares representing 2.09% ownership of the company. In its prior filing, the firm reported owning 6,112K shares , representing a decrease of 6.78%. The firm increased its portfolio allocation in IREN by 76.26% over the last quarter.
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