B. Riley Securities Cuts IREN Price Target to $91
Key Points
- B. Riley Securities maintained a buy rating on IREN Limited while adjusting its price target to $91.00 from $96.00 on September 29, 2026.
- B. Riley Securities's $91 price target implies 236.85% upside from IREN Limited's ($IREN) current $27.02 share price.
- IREN Limited recently traded around $27.02, sitting below its 50-day moving average of $41.38 as of October 16, 2026.
- Wall Street maintains a consensus buy rating on the stock with an average price target of $77.81 ahead of its next earnings report.
Since the rating, $IREN is down 0.2% after 1 week and down 34.8% to date (from the $41.38 close on Sep 29, 2026).
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On September 29, 2026, B. Riley Securities maintained its buy rating on IREN Limited while adjusting its price target from $96.00 to $91.00. The research note provides a forward-looking opinion on the shares from the firm.
IREN
IREN Limited
B. Riley Securities's Call on IREN Limited
On September 29, 2026, B. Riley Securities maintained its buy rating on IREN Limited and lowered its price target to $91.00 from $96.00.
Other Institutional Activity in IREN Limited
Citigroup Inc. grew its holdings by 566,972 shares, ending with 11,470,290 shares worth about $309,583,124. Situational Awareness LP reduced its stake by 2,225,208 shares to finish with 9,474,099 shares valued at approximately $255,705,929. Value Aligned Research Advisors, LLC grew its position by 3,699,688 shares, ending with 8,467,327 shares worth about $228,533,153. BIT Capital GmbH increased its holdings by 505,213 shares, holding 7,032,519 shares valued at roughly $189,807,686.
IREN Limited Stock Down 11.6%
IREN Limited shares recently traded around $27.02 as of October 16, 2026, sitting below the $41.38 close recorded on the September 29 rating date. The recent price sits below its 50-day moving average of $41.38 and under its 200-day moving average of $45.47. The stock trades near its 52-week low of $26.60 and well below its 52-week high of $76.87.
$IREN price target
IREN Limited daily closes and this analyst's $91 target. Not advice.
Recent Earnings
IREN Limited posted trailing twelve-month revenue of $707,006,976 with a net margin of -99.4% and an earnings per share of -$2.22.
Insider Buying and Selling at IREN Limited
Insiders executed sales earlier, including CEO William Gregory Roberts selling 1,000,000 shares on September 11, 2025.
Analysts Set New Price Targets
JP Morgan upgraded the stock to an overweight rating with a $65.00 price target on September 14, 2026. BTIG reiterated a buy rating at $80.00 on September 14, 2026. Northland Capital Markets initiated an outperform rating with a $99.00 price target on September 18, 2026. Rothschild & Co initiated coverage with a neutral rating and a $40.00 target on September 21, 2026.
About IREN Limited
IREN Limited operates as an infrastructure platform for artificial intelligence cloud services. The company develops and manages data centers equipped with grid connections, substations, and specialized cooling.
Bottom Line
Investors will watch for the upcoming earnings report on November 5, 2026, to gauge financial progress. Market participants continue to track how the stock moves relative to updated Wall Street price targets.
Related Filing Alerts
Source: B. Riley Securities's rating change on $IREN (Sep 29, 2026). Written by software, not financial advice. How we make alerts