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IREN
Volume: 34.39M

IREN Stock Forecast & Price Target

IREN Analyst Ratings

Based on 11 analyst ratings
Buy
Strong Buy 55%
Buy 27%
Hold 9%
Sell 9%
Strong Sell 0%

Bulls say

IREN is well-positioned for growth in the rapidly expanding market for AI cloud services, with a strong pipeline of contracted revenue, new power and land supply, and partnerships with industry leaders like Microsoft and Nvidia. Its recent acquisition of Mirantis and Nostrum Group also strengthen its software capabilities and European presence. Despite a miss in F3Q26 earnings, the company remains on track to meet its ARR targets and expand its AI and HPC offerings, potentially driven by its strategic partnership with Nvidia. While there are industry-specific risks related to BTC mining and regulatory issues, IREN's focus on AI and diversification beyond BTC mining mitigates these risks and sets it up for future success in the growing market for AI cloud services.

Bears say

IREN is highly dependent on the success and expansion of its AI cloud business in order to generate significant revenue, as its established bitcoin mining fleet faces challenges and lower spot prices. However, the company faces numerous potential risks such as supply chain disruptions, delays in capacity building, and failure to secure key components and attractive financing, which could hinder its growth and profitability. Furthermore, while the company's recent financing commitments and expansion plans are promising, any hiccups in execution or a reversal in the AI industry could have a negative impact on its future prospects.

IREN has been analyzed by 11 analysts, with a consensus rating of Buy. 55% of analysts recommend a Strong Buy, 27% recommend Buy, 9% suggest Holding, 9% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Iris Energy Ltd and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Iris Energy Ltd (IREN) Forecast

Analysts have given IREN a Buy based on their latest research and market trends.

According to 11 analysts, IREN has a Buy consensus rating as of May 15, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $67.27, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $67.27, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Iris Energy Ltd (IREN)

Volume: 34.39M

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