German construction sector still in recession, civil engineering only bright spot
Iren Ltd has reached a significant milestone as its stock hit an all-time high of 30.04 USD, with the company now commanding a market capitalization of $7.12 billion. According to InvestingPro analysis, the stock appears overvalued at current levels. This achievement underscores the company’s strong market performance over the past year, during which its stock has surged by an impressive 295.55%. Trading at a P/E ratio of 67.9x, the remarkable growth reflects investor confidence and could be attributed to strategic business decisions and favorable market conditions. InvestingPro subscribers have access to 20+ additional insights about IREN’s valuation and growth prospects. As Iren Ltd continues to navigate the financial landscape, stakeholders will be keenly observing whether this upward trajectory can be sustained in the coming months. Analyst targets range from $16 to $40 per share, with a generally bullish consensus recommendation of 1.58 on a scale where 1 represents a strong buy.
In other recent news, IREN Limited reported record quarterly and annual results for the fiscal fourth quarter of 2025 and fiscal year 2025, as disclosed on August 28. Following these impressive earnings, H.C. Wainwright raised its price target for IREN to $36 from $21, maintaining a Buy rating, reflecting a revised fiscal 2026 revenue estimate of $1.27 billion. Additionally, Macquarie increased its price target for Iris Energy to $33 from $20, citing strong fourth-quarter performance driven by bitcoin price improvements and expansion in artificial intelligence operations. In another development, IREN appointed Anthony Lewis as the new Chief Financial Officer, succeeding Belinda Nucifora. Lewis has been with the company since July 2025 as Chief Capital Officer and will now oversee financial operations and strategic planning. Meanwhile, Jones Trading downgraded IREN from Buy to Hold, following a 170% year-to-date gain in the company’s shares. This downgrade was attributed to a balanced valuation after significant price appreciation. These recent developments highlight a period of significant activity and strategic adjustments for IREN Limited.
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