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IREN
Volume: 48.23M

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 is a leader in the data center business, capitalizing on the increasing demand for AI infrastructure through its renewable energy-powered operations. Despite lower spot prices in bitcoin, IREN still reported strong financials with Q2 revenue at $185MM, AI Cloud services revenue of $17M, and secured GPU financing for its MSFT agreement. With the recent progress in scaling its vertically integrated cloud platform, as well as acquisitions and new site developments, IREN remains well-positioned for future growth and success.

Bears say

IREN is heavily reliant on the volatile digital asset market for its Bitcoin mining operations, and faces potential risks related to increasing regulatory scrutiny and the influence of social media on digital asset prices. Additionally, the company's growth projections for its HPC business line have been reduced, and downside risks include potential delays in construction and dilution from equity sales. Overall, these factors suggest a high level of risk and uncertainty for IREN's financial performance and growth potential.

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 May 6, 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 $63.91, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $63.91, 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: 48.23M

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