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IREN
Volume: 2.57M

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 significant revenue growth in the AI Cloud Services segment, with recent figures showing an increase to $17 million from $7 million last quarter, indicating strong demand in the sector. The company’s strategic positioning with 4.5 GW of secured power capacity—of which only 10% is needed to achieve a $3.4 billion annual recurring revenue target—highlights substantial growth potential beyond current commitments. Additionally, de-risked GPU capital intensity enhances IREN's ability to monetize incremental megawatts through lucrative cloud contracts, further solidifying its potential as a leading player in the renewable energy-powered data center market for Bitcoin and AI.

Bears say

IREN Ltd's financial outlook is negatively impacted by a decline in total revenue, which dropped to $185 million in FQ1 due to lower spot prices in Bitcoin, compounded by a decrease in EBITDA to $75 million. Furthermore, revised expectations for FY26/27E revenues reflect a substantial cut to $437.1 million, driven by a lower assumed base for Bitcoin mining operations and slower-than-expected growth in the AI Cloud business. Additional risks, including regulatory challenges and potential declines in Bitcoin pricing, further undermine investor confidence and cast uncertainty over IREN's long-term profitability.

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 6, 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 $65.82, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $65.82, 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: 2.57M

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