Iren Stock: Shares Rise 15% on AI Funding News and Analyst Bullish Calls

TLDR

Table of Contents

Iren Limited shares surged 14.57% Tuesday to $59.99, recovering from Monday’s decline on heavy trading volume
Anthropic’s reported plan to raise $20 billion at $350 billion valuation sparked fresh AI sector optimism
Wall Street analysts maintain bullish stance with average price target of $82.80, implying 38% upside
The stock has climbed 60% year-to-date despite missing recent earnings expectations
AI startups raised record $150 billion in 2025, nearly matching total IPO activity for the year

Iren Limited posted a strong 14.57% gain Tuesday, closing at $59.99 after shaking off Monday’s weakness. Trading volume hit 54 million shares, about 25% above the daily average.

IREN Limited, IREN

The rally followed reports that Anthropic plans to double its fundraising target to $20 billion. The AI company is pursuing a $350 billion valuation with this expanded capital raise.

Monday’s dip came after rival CoreWeave announced a $2 billion partnership with Nvidia. But Tuesday’s bounce showed investors remain confident in AI infrastructure plays like Iren.

Record AI Funding Backs Sector Momentum

The broader AI funding environment continues to heat up. Startups in the space raised $150 billion during 2025, approaching the $172 billion raised through IPOs last year. This occurred even as IPO activity jumped 39% year-over-year.

Iren has benefited from several AI-driven rallies recently. B. Riley analysts Nick Giles and Fedor Shabalin predicted shares would recover once AI sentiment improved. Their forecast has played out over recent weeks.

Earlier this month, the stock gained 13% during the CES 2026 trade show in Las Vegas. Major AI companies unveiled new products and updates at the event, lifting sentiment across the sector.

Another rally occurred after TSMC reported strong fourth-quarter results. The chip manufacturer plans to increase capital spending from $41 billion in 2025 to between $52 billion and $56 billion in 2026.

Analysts Point to Microsoft Partnership Potential

Iren has climbed nearly 60% since the start of 2026. This run comes despite a recent earnings miss that saw the company report a $0.34 per share loss versus analyst expectations of $0.14 profit.

The consensus rating on Wall Street is “Moderate Buy” based on nine Buy ratings, two Holds, and one Sell. The average price target of $82.80 suggests 38% upside from current levels.

Individual analyst targets range from $39 to $94. Bernstein named Iren its top AI pick for 2026.

H.C. Wainwright analyst Mike Colonnese sees a “transformative year” ahead. He points to the company’s $9.7 billion Microsoft deal as a potential revenue driver. Iren has yet to realize meaningful revenue from this partnership.

Financial Metrics Show Strength Despite Volatility

The company reported revenue of $240.30 million in its most recent quarter, up 28.3% year-over-year. This came in slightly below analyst estimates of $244.60 million.

Iren maintains strong liquidity with a current ratio of 5.52. The debt-to-equity ratio stands at 0.34, indicating conservative leverage.

The stock carries a beta of 4.25, signaling high volatility relative to the broader market. Institutional investors hold approximately 41% of outstanding shares.

Roth Mkm set a $94 price target on the stock. Goldman Sachs initiated coverage in December with a neutral rating and $39 target. Macquarie raised its target to $86 in October.

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