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IREN
Volume: 689.81K

IREN Stock Forecast & Price Target

IREN Analyst Ratings

Based on 14 analyst ratings
Buy
Strong Buy 50%
Buy 36%
Hold 14%
Sell 0%
Strong Sell 0%

Bulls say

IREN is favorably positioned because it combines vertically integrated power and compute with more than 5GW of potential power capacity and about $4B in run-rate GPUaaS, giving it scale, supply control, and strong optionality as AI demand tightens. Its outlook is further strengthened by multi-year contracts with investment-grade and leading AI customers, including Microsoft, sold-out 2026 capacity, and pricing momentum with 3-year GPU contracts up roughly 125% and recent deals above $20M per IT MW, implying attractive paybacks and expanding ARR. The transition away from bitcoin mining toward AI cloud, plus expansion at Sweetwater and a diversified customer base, supports a durable growth runway as the company converts existing capacity into higher-value infrastructure.

Bears say

IREN is a high-risk transition story because its legacy bitcoin mining business is shrinking rapidly, with self-mining revenue falling to $66.7M and installed hash rate dropping to 23.2 EH/s as operations are decommissioned through F2Q27 (C4Q26). Although AI cloud revenue more than doubled to $70.5M and about $1B of ARR is now online, profitability remains fragile: F4Q26 adjusted EBITDA was only $19.2M, a 14.0% margin, alongside a $684.0M GAAP net loss. The downside case is driven by slower GPU fleet growth, weaker GPU pricing, and execution risk at Sweetwater, while the company still faces financing, dilution, supply-chain, and power-sourcing risks that could constrain expansion.

IREN has been analyzed by 14 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 36% recommend Buy, 14% suggest Holding, 0% 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 14 analysts, IREN has a Buy consensus rating as of Oct 9, 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 $74.79, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $74.79, 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: 689.81K

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