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IREN
Volume: 55.18M

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 a substantial increase in total revenue of $240.3 million in the first quarter, reflecting a year-over-year growth of 355% attributed to a robust operating hashrate of 50 EH/s and elevated spot prices. The company's EBITDA experienced remarkable growth as well, reaching $91.5 million, marking a staggering increase of approximately 36 times year-over-year. Additionally, the positive performance in the AI Cloud Services segment, coupled with ongoing developments in their renewable energy utilization for Bitcoin mining, positions IREN favorably for future growth amid rising interest in both Bitcoin and AI technologies.

Bears say

IREN Ltd faces significant downside risks, including slower-than-expected growth in its AI Cloud sector and potential construction delays at its Childress facility, which could impede revenue generation. The company's valuation appears detached from fundamentals, trading at more than double that of its closest competitor and reflecting a lofty revenue multiple that does not align with consensus forecasts. Additionally, the uncertainty surrounding unknown AI counterparties and ongoing industry-specific challenges, such as Bitcoin price volatility and regulatory scrutiny, further complicate the investment outlook for IREN's stock.

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 Jan 28, 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 $72.18, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $72.18, 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: 55.18M

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