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IREN
Volume: 18.69M

IREN Stock Forecast & Price Target

IREN Analyst Ratings

Based on 12 analyst ratings
Buy
Strong Buy 58%
Buy 25%
Hold 8%
Sell 8%
Strong Sell 0%

Bulls say

IREN is an attractive investment opportunity with significant upside potential due to its focus on renewable energy-powered data centers for bitcoin mining and AI cloud infrastructure, strategic partnerships with industry leaders such as Microsoft, and significant expansion plans over the next several years. The company is expected to hit a $3.7 billion ARR target by 2026, with potential for even higher ARR due to increased GPU pricing. With significant capacity still to be brought online in 2027 and 2028, and potential for further increases in GPU pricing, the stock remains attractively valued at current levels. Risks include potential reversion to weakness in bitcoin pricing, increased competition in the AI cloud market, and regulatory challenges. However, overall, the risk/reward remains extremely attractive and the company has a strong track record of execution and securing high-value contracts.

Bears say

IREN is highly dependent on the success of Bitcoin mining, which is a volatile industry driven by Bitcoin prices and network difficulty, making it difficult to accurately forecast future earnings. Additionally, the company's shift towards AI cloud infrastructure comes with uncertainty and increased competition in the market, leading to potentially lower valuation multiples for their deals. Finally, their EBITDA projections for 2026 and 2027 have been revised downwards due to the winding down of BTC operations and a back-weighted ramp of GPU deployments, indicating potential financial challenges in the near term.

IREN has been analyzed by 12 analysts, with a consensus rating of Buy. 58% of analysts recommend a Strong Buy, 25% recommend Buy, 8% suggest Holding, 8% 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 12 analysts, IREN has a Buy consensus rating as of Jun 26, 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 $77.75, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $77.75, 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: 18.69M

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