IREN · NASDAQ · STOCK
IREN (IREN) Stock Analysis
$35.23
52W $28.93 – $76.87
49/100
$12.56B
-19.3
4.27
Is IREN Bullish or Bearish?
Mixed.
Innellis AI committee rates IREN Limited (IREN) Watch with a composite score of 49/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +10.73 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -9.27 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Revenue growing 41.1% YoY -- genuine top-line momentum — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
Bear Case
- ROE of only -23.0% -- cheap may mean cheap for a reason — Value
- Debt-to-equity of 1.87 adds balance-sheet risk to the value case — Value
- 3 consecutive earnings misses -- execution concerns — Growth
- Price structure making lower highs and lower lows — Technical
- RSI at 22 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
49/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 95%
of 287 Technology peers
Value Analyst
bearish
40
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− ROE of only -23.0% -- cheap may mean cheap for a reason
Growth Analyst
bullish
63
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 41.1% YoY -- genuine top-line momentum
− 3 consecutive earnings misses -- execution concerns
Technical Analyst
bearish
33
/ 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− Price structure making lower highs and lower lows
Risk Analyst
bearish
32
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 1.87) amplifies downside in a stress scenario
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 49.6 to 49.3.
- New bearish signals: 2 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
21.9
Oversold
MACD Histogram
-1.006
Bearish Momentum
Trend Direction
Downtrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$34.81
Resistance
$63.54
Bollinger %B
-0.00
Below Lower Band
Price vs Moving Averages
EMA 9
$39.22
Below
EMA 21
$41.09
Below
EMA 50
$42.15
Below
EMA 200
$42.97
Below
Fundamental Analysis
Valuation
92
Growth
46
Profitability
25
Financial Health
66
Cash Flow
15
Valuation
P/E Ratio
-19.3×
P/B Ratio
3.04×
PEG Ratio
0.02
Dividend Yield
0.00%
52W High
$76.87
52W Low
$28.93
Quality & Growth
ROE
-1678.6%
ROA
-445.0%
Gross Margin
6892.9%
Operating Margin
-14805.4%
Revenue Growth YoY
—
Debt / Equity
1.87
AI Fundamental Assessment
P/E ratio of -19.3 (inexpensive relative to a 15-40x range); Price-to-book of 3.0x; PEG ratio of 0.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -16.8%; Return on assets of -4.4%; Net margin of -99.4%; Gross margin of 68.9%; Current ratio of 3.55 (healthy short-term liquidity); Debt-to-equity of 1.87; Free cash flow per share is negative (-5.50); Most recent quarter missed estimates by 256.5%; 3 consecutive earnings misses; EPS growth accelerating (-393.3% -> -154.1% QoQ); Average YoY EPS growth of -384.9%; Analyst estimates falling over recent quarters
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