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IREN
Volume: 21.6M

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 Ltd has demonstrated significant growth potential, highlighted by a remarkable increase in revenue from the AI Cloud Services segment, which rose to $17 million from $7 million in the previous quarter. The company's strategic positioning, including advantageous site characteristics and robust long-term contracts amounting to an annualized revenue run-rate of approximately $2.3 billion, indicates strong commercial viability amidst rising demand for AI services. Furthermore, with 90% of its secured power capacity available for additional growth and improved deal terms for AI data center providers, IREN is well-equipped to capitalize on emerging opportunities in the renewable energy and technology sectors.

Bears say

IREN Ltd faces significant challenges impacting its financial outlook, primarily evidenced by a decline in total revenue to $185 million in FQ1, driven by lower spot prices for Bitcoin. Additionally, forecasted revenues for FY26/27 have been scaled back considerably from prior estimates due to recent negative Bitcoin price actions, indicating a lower expected operational baseline. Compounding these issues are various risks, including potential construction delays, regulatory pressures on cryptocurrency operations, and a protracted interest rate increase, all of which threaten IREN's growth and financial stability in the evolving market landscape.

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 Apr 23, 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 $63.91, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $63.91, 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: 21.6M

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