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IREN
Volume: 49.36K

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 reported total revenue of $240.3 million in FQ1, representing a remarkable 355% year-over-year increase, primarily driven by an operating hashrate of 50 EH/s and elevated spot prices for Bitcoin. The company's EBITDA also showed significant growth, climbing to $91.5 million, which is an approximate 36-fold increase from the previous year. Furthermore, with grid studies complete and power ramping from 2028, IREN is positioned to leverage its differentiated power portfolio and capitalize on the burgeoning demand for AI and Bitcoin-related services, translating into an annualized revenue run-rate of approximately $2.3 billion already under contract.

Bears say

IREN Ltd's stock outlook is tempered by several fundamental concerns, including slower-than-expected growth in its AI Cloud business and significant construction delays, which collectively hinder the company’s revenue projections. Recent financial revisions indicate a substantial drop in forecasted revenues for FY26/27E, decreased from $1,308.2 million to $569.2 million due to a declining base in Bitcoin mining operations and ongoing risks associated with Bitcoin pricing volatility and regulatory challenges. Additionally, the valuation metrics suggest that IREN is over-priced relative to peers, underscoring further downside risk to stock performance amid mounting competitive pressures and missed revenue expectations.

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 Feb 19, 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 $65.82, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $65.82, 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: 49.36K

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