Jefferies Reiterates Buy Rating on IREN Limited
Jefferies sets a $79 price target on IREN Limited, maintaining its buy rating.
Key Points
- Jefferies has reiterated its buy rating on IREN Limited with a price target of $79 as of June 18, 2026.
- IREN Limited's stock trades at $58.11 with a market cap of $20.77 billion and a P/E ratio of 75.5.
- Institutional investors like Tudor Investment Corp and Defiance ETFs have shown interest in IREN, with the former holding 31.8 million shares.
Jefferies has reaffirmed its buy rating on IREN Limited (NasdaqGS: IREN), setting a price target of $79. This reiteration came on June 18, 2026, and highlights the firm's positive outlook on the company.
IREN Limited Stock Snapshot
Shares of IREN Limited are currently trading around $58.11. The company has a market cap of approximately $20.77 billion and a P/E ratio of 75.5. Its beta is notably high at 4.232, indicating significant volatility compared to the market. Over the past 52 weeks, the stock has seen a low of $9.83 and a high of $76.87. The 50-day moving average is $53.51, and the 200-day moving average stands at $48.18.
Recent Earnings
IREN Limited reported revenue of $757.1 million, with no growth compared to the previous period. The company achieved a net margin of 20.9% and a return on equity of 7.7%. Its next earnings report is expected on August 27, 2026.
Insider Buying and Selling at IREN Limited
In a series of transactions on September 11, 2025, Co-Chief Executive Officer Daniel John Roberts sold 1 million shares at an average price of $33.13. Similarly, William Gregory Roberts, also a Co-Chief Executive Officer, sold 1 million shares at the same price. These transactions were not part of a 10b5-1 plan.
Analysts Set New Price Targets
On June 18, 2026, Jefferies reiterated its buy rating with a $79 price target for IREN Limited. Other analysts, like B. Riley Securities and Canaccord Genuity, have also maintained buy ratings, with price targets of $96 and $79, respectively. The consensus among analysts is a buy, with a mean target price of $81.07 based on 14 opinions.
About IREN Limited
IREN Limited operates in the financial services sector, focusing on capital markets. The company, headquartered in Sydney, Australia, runs data centers and mines Bitcoin. It was formerly known as Iris Energy Limited and rebranded in November 2024. Under the leadership of CEO William Roberts, IREN Limited employs 257 people and has expanded its operations to include data centers in Canada.
Bottom Line
Jefferies' reaffirmation of its buy rating and $79 price target on IREN Limited underscores the firm's confidence in the company's prospects. IREN's stock performance and financial metrics reflect its position in the volatile data center and cryptocurrency markets. Investors and analysts continue to monitor the company's development closely, with institutional interest and insider activity providing additional context.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.