
IREN Stock Forecast & Price Target
IREN Analyst Ratings
Bulls say
IREN Ltd has demonstrated significant growth in its self-mining revenues, achieving $113.5 million, which reflects a 129% quarter-over-quarter increase attributed to rising Bitcoin prices and enhanced production capabilities. The company's gross profit margin surged to 74.8%, up from 45.2% in the previous quarter, reinforcing its strong operational efficiency and profitability. Furthermore, IREN's cash position strengthened to $427.3 million following an additional equity raise, positioning the company well for future investments in renewable energy and data center expansion in the rapidly evolving Bitcoin and AI markets.
Bears say
The financial outlook for IREN Ltd appears negative due to a decline in AI cloud services revenues, which decreased from $3.2 million to $2.7 million in the first quarter. Furthermore, the strategic decision to repurpose 75 MW of capacity for AI data center deployment, while potentially positioning the company for future growth, has resulted in a downward adjustment of the calendar year-end 2025 outlook from 57 EH/s to 52 EH/s. Additionally, the termination of the relationship with Morgan Stanley raises concerns about demand in the Sweetwater area, amidst bearish assumptions regarding potential declines in Bitcoin prices exacerbated by uncertain macroeconomic factors.
This aggregate rating is based on analysts' research of Iris Energy Ltd and is not a guaranteed prediction by Public.com or investment advice.
IREN Analyst Forecast & Price Prediction
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