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IREN
Volume: 26.74M
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IREN Stock Forecast & Price Target

IREN Analyst Ratings

Based on 12 analyst ratings
Buy
Strong Buy 58%
Buy 33%
Hold 8%
Sell 0%
Strong Sell 0%

Bulls say

IREN Ltd has demonstrated significant growth in its self-mining revenues, which reached $113.5 million, marking a 129% quarter-over-quarter increase driven by higher Bitcoin prices and production levels. The company reported a gross profit of $89.4 million in the second fiscal quarter, reflecting robust margins of 74.8%, and highlighted a substantial increase in its cash position to $427.3 million, bolstered by a recent equity raise. Additionally, IREN achieved an adjusted EBITDA of $62.6 million, significantly up from just $2.6 million in the previous quarter, indicating improved operational efficiency and profitability in the rapidly expanding cryptocurrency market.

Bears say

IREN Ltd. has reported a decline in AI cloud services revenues, dropping to $2.7 million from $3.2 million, indicating a potential weakening in demand for its services. Additionally, the strategic decision to reallocate capacity from Bitcoin mining to an AI data center has led to a reduced calendar year-end 2025 outlook, which raises concerns about future revenue generation and profitability. Furthermore, the severance of its relationship with Morgan Stanley introduces uncertainties regarding the demand for IREN's offerings, particularly in the Sweetwater area, contributing to a more cautious outlook amid bearish assumptions about Bitcoin prices and economic conditions.

IREN has been analyzed by 12 analysts, with a consensus rating of Buy. 58% of analysts recommend a Strong Buy, 33% recommend Buy, 8% suggest Holding, 0% 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 23, 2025. 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 $16.86, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $16.86, 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: 26.74M

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