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IREN
Volume: 87.99M

IREN Stock Forecast & Price Target

IREN Analyst Ratings

Based on 13 analyst ratings
Buy
Strong Buy 62%
Buy 23%
Hold 8%
Sell 8%
Strong Sell 0%

Bulls say

IREN is expected to experience significant growth in its data center operations as it shifts towards AI Cloud services in conjunction with its renewable energy sources to capitalize on the rapidly growing AI market. This growth is further reinforced by the company's partnerships with industry leaders such as Microsoft and its expansion plans in both North America and APAC regions. Additionally, the company's strong financial position, with significant liquidity and customer prepayments covering a majority of its near-term capital expenditures, provides it with the necessary flexibility to execute its AI Cloud growth plans. Overall, IREN's increasing customer diversification, strong pricing, and plentiful liquidity make it a strong Buy candidate with a price target of $90 - $99 per share.

Bears say

IREN is expected to see an increase in revenue for FY1Q27 and FY2Q27 thanks to its cloud segment, specifically from its Prince George and Horizon 1 facilities. Additionally, the average MWs for FY2Q is expected to surpass previous estimates, although this growth will be partly offset by a decline in bitcoin mining capacity for the company. These changes are likely due to IREN's focus on expanding its data center operations and partnerships with AI industry leaders, but the decline in bitcoin mining raises concerns about the company's long-term revenue sustainability.

IREN has been analyzed by 13 analysts, with a consensus rating of Buy. 62% of analysts recommend a Strong Buy, 23% recommend Buy, 8% suggest Holding, 8% 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 13 analysts, IREN has a Buy consensus rating as of Aug 14, 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 $76.62, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $76.62, 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: 87.99M

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