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IREN
Volume: 36.57M

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 has demonstrated impressive growth in its AI Cloud Services segment, with revenue increasing from $7 million to $17 million in the last quarter, indicating strong demand in a rapidly expanding market. The company’s strategic positioning near Abilene, TX, alongside the completion of grid studies and plans for power ramping from 2028, enhances its differentiated power portfolio, potentially leading to substantial commercial opportunities with an already contracted annualized revenue run-rate of approximately $2.3 billion. Moreover, with only 10% of its 4.5 GW of secured power capacity currently required for its $3.4 billion annual recurring revenue target, IREN's growth prospects remain robust, presenting significant optionality for future expansion.

Bears say

IREN Ltd's financial performance reflects ongoing challenges, with a decline in total revenue to $185 million in FQ1 due to lower spot prices of Bitcoin, despite a year-on-year EBITDA increase of 39% to $75 million. Forecasts for FY26/27 have been downwardly revised significantly, with expected revenues now at $437.1 million, stemming from a combination of reduced Bitcoin mining operations and lower assumed bases driven by recent Bitcoin price movements. Key risks to the company include potential delays in the expansion of its AI Cloud business, regulatory pressures on cryptocurrency operations, and macroeconomic factors such as prolonged interest rate increases that could dampen investor appetite in the tech sector.

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 Apr 16, 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 $63.91, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $63.91, 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: 36.57M

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