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IREN
Volume: 59.94K

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's recent financial performance demonstrates strong momentum, with AI Cloud Services segment revenue increasing to $17M from $7M in the previous quarter, suggesting robust demand for its services. With a total annualized revenue run-rate of approximately $2.3 billion already contracted and de-risked GPU capital intensity allowing for monetization of incremental megawatts, IREN's operational efficiency is expected to drive future growth in an expanding market. Furthermore, only 10% of the company’s secured 4.5 GW power capacity is currently allocated to meet its $3.4 billion annual recurring revenue (ARR) target, indicating substantial potential for additional growth opportunities moving forward.

Bears say

IREN Ltd's financial outlook is negatively impacted by several key factors, including a quarterly revenue decline driven by lower Bitcoin spot prices and a reduction in expected future revenues due to recent Bitcoin price action. The company's EBITDA, while up year-over-year, decreased quarter-over-quarter, highlighting potential operational challenges amidst a changing market landscape. Additionally, risks associated with the slower-than-expected expansion of IREN’s AI Cloud business, construction delays, and potential regulatory hurdles further exacerbate concerns about the company's growth prospects and financial stability.

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 Mar 17, 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: 59.94K

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