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IREN
Volume: 32.42M

IREN Stock Forecast & Price Target

IREN Analyst Ratings

Based on 13 analyst ratings
Buy
Strong Buy 62%
Buy 23%
Hold 8%
Sell 8%
Strong Sell 0%

Bulls say

IREN is well-positioned in the rapidly growing AI market with a strong focus on renewable energy and strategic partnerships with industry leaders. The company's recent signing of $2.8B in new multi-year contracts with leading AI developers and increased focus on AI cloud infrastructure has strengthened its outlook, with ~85% of its updated ARR target already contracted. With an estimated implied revenue/GPU/hour of $3.04 and increasing customer diversification, IREN's strong financial position and flexible growth plans make it a compelling investment opportunity.

Bears say

IREN is expanding its data center operation in Australia, adding 800 MW capacity and aiming for a $3.7bn ARR target by 2026. However, with the GPU rental rates increasing, it is possible that they may exceed the target and reach closer to $3.9bn for the year, which could potentially increase the value of their 2026 capacity to $49/share. However, this outlook depends on their ability to sell the compute from all of this capacity, which could present a challenge in a competitive market.

IREN has been analyzed by 13 analysts, with a consensus rating of Buy. 62% of analysts recommend a Strong Buy, 23% 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 13 analysts, IREN has a Buy consensus rating as of Aug 8, 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 $76.62, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $76.62, 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: 32.42M

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