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IREN
Volume: 36.29M

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 reported a substantial revenue increase, achieving $240.3 million in FQ1, marking a 355% year-over-year growth fueled by an operating hashrate of 50 EH/s and elevated spot prices. The company's EBITDA also saw remarkable growth, reaching $91.5 million, which represents a nearly 36-fold year-over-year increase. Additionally, the AI Cloud Services segment contributed positively with revenue climbing to $7.3 million, reflecting steady growth and highlighting IREN's diversified business strategy.

Bears say

The financial outlook for IREN Ltd is hindered by several critical risks, including the slower-than-expected growth of its AI Cloud business and potential construction delays, which could impact expansion plans negatively. Furthermore, the company's high valuation—trading at over 2x the valuation of the next largest Bitcoin miner with a 15x revenue multiple—indicates that the stock price may be misaligned with its underlying fundamentals, suggesting overvaluation concerns. Additionally, uncertainty surrounding undisclosed AI counterparties could lead to unpredictable revenue streams, compounding the investment risks posed by regulatory scrutiny and market volatility in digital assets.

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 Feb 4, 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 $72.18, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $72.18, 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: 36.29M

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