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IREN
Volume: 34.85M

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 growth potential, as evidenced by a substantial increase in revenue from its AI Cloud Services segment, which rose to $17 million from $7 million in the previous quarter. The company is well-positioned to capitalize on the burgeoning demand for AI and data center services, with a robust $2.3 billion annualized revenue run-rate already under contract, further supported by its advantageous location and completed grid studies to ramp up power from 2028. Additionally, IREN's efficient capital strategy and the favorable improvement in deal terms for AI data center providers bolster its capacity to monetize incremental megawatts while exploring lucrative collocation opportunities.

Bears say

IREN Ltd's financial performance exhibits significant challenges, as its EBITDA declined to $75 million on a quarter-over-quarter basis, despite a year-over-year increase of 39%. The company's total revenue dropped to $185 million in FQ1, largely due to falling spot prices of Bitcoin, coupled with revised revenue projections for FY26/27E totaling $437.1 million, down from earlier expectations of $1,308.2 million. Additional downside risks, including slower expansion of IREN’s AI Cloud business, potential shareholder dilution, and external market conditions, further compound the negative outlook for the company.

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 21, 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: 34.85M

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