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IREN
Volume: 33.99M
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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 reported a remarkable 129% quarter-over-quarter increase in self-mining revenues, totaling $113.5 million, which was driven by a 37% rise in average Bitcoin prices and an increase in Bitcoin production. The company's gross profit surged to $89.4 million, reflecting an impressive margin of 74.8%, while adjusted EBITDA also rose significantly to $62.6 million, demonstrating strong operational efficiency and growth potential. Furthermore, IREN's cash position improved to $427.3 million, bolstered by an additional $50.4 million raised post-quarter, indicating a solid financial foundation for future expansions in the data center and cryptocurrency mining sectors.

Bears say

IREN Ltd's recent financial performance indicates challenges, particularly with AI cloud services revenues declining to $2.7 million from $3.2 million in F1Q, highlighting potential issues in scalability and demand. The decision to reallocate significant capacity from Bitcoin mining to an AI data center may compromise future revenue streams, as evidenced by the lowered calendar year-end 2025 outlook from 57 EH/s to 52 EH/s. Additionally, the termination of the relationship with Morgan Stanley raises concerns regarding market confidence and demand in regional operations, particularly at Sweetwater, amid expectations of declining Bitcoin prices, which may further deter growth prospects.

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 Jul 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 $17.44, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $17.44, 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: 33.99M

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