
IREN Stock Forecast & Price Target
IREN Analyst Ratings
Bulls say
IREN Ltd is projected to experience significant revenue and AEBITDA growth, with an estimated increase of approximately $870 million and $785 million respectively by FY27, following adjustments to their financial model. The company's strategic investments in AI cloud initiatives and the expansion of GPU purchases, which have increased to around 23,000 units, are expected to enhance its annual recurring revenue from AI cloud services to over $500 million. As operational visibility improves and execution is successful, there is potential for an expansion of valuation multiples, reinforcing a favorable outlook on IREN's stock performance.
Bears say
IREN Ltd faces a negative outlook primarily due to significant decreases in earnings per share (EPS) attributed to much higher depreciation costs. The potential failure to renew power contracts upon expiration poses a risk of increased power costs, which could adversely affect the company's mining economics and overall profitability. Additionally, ongoing disruptions in the global supply chain could hinder IREN's ability to procure essential equipment, further threatening operational stability and financial performance.
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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