Fintel reports that on January 13, 2026, HC Wainwright & Co. upgraded their outlook for IREN (NasdaqGS:IREN) from Sell to Buy.
Analyst Price Forecast Suggests 48.39% Upside
As of December 21, 2025, the average one-year price target for IREN is $78.62/share. The forecasts range from a low of $24.24 to a high of $142.80. The average price target represents an increase of 48.39% from its latest reported closing price of $52.98 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for IREN is 208MM, a decrease of 69.86%. The projected annual non-GAAP EPS is -0.36.
What is the Fund Sentiment?
There are 429 funds or institutions reporting positions in IREN. This is an increase of 146 owner(s) or 51.59% in the last quarter. Average portfolio weight of all funds dedicated to IREN is 0.50%, an increase of 6.05%. Total shares owned by institutions decreased in the last three months by 4.48% to 139,190K shares. 
The put/call ratio of IREN is 0.78, indicating a bullish outlook.
What are Other Shareholders Doing?
Jane Street Group holds 11,710K shares representing 3.57% ownership of the company. In its prior filing, the firm reported owning 8,351K shares , representing an increase of 28.68%. The firm increased its portfolio allocation in IREN by 247.53% over the last quarter.
D. E. Shaw holds 10,717K shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Wells Fargo holds 7,882K shares representing 2.40% ownership of the company. In its prior filing, the firm reported owning 629K shares , representing an increase of 92.03%. The firm increased its portfolio allocation in IREN by 3,611.94% over the last quarter.
Situational Awareness holds 7,220K shares representing 2.20% ownership of the company. In its prior filing, the firm reported owning 6,400K shares , representing an increase of 11.36%. The firm increased its portfolio allocation in IREN by 86.41% over the last quarter.
Citigroup holds 6,428K shares representing 1.96% ownership of the company. In its prior filing, the firm reported owning 3,032K shares , representing an increase of 52.83%. The firm increased its portfolio allocation in IREN by 519.84% over the last quarter.
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This story originally appeared on Fintel.
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