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IREN
Volume: 42.43M

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 set to benefit from its strong performance in the AI Cloud Services segment, further supported by its expansion in Prince George and its new 1.6GW data center campus in Oklahoma, which will not only diversify its geographic presence but also increase its power portfolio and attract more commercial discussions. With grid studies complete, power ramping from 2028, and low-latency network connectivity, the company's financials are expected to see strong growth in the future, with an estimated $2.3B annualized revenue run-rate already under contract. However, regulatory scrutiny around digital assets and the potential volatility in spot prices of these assets, including Bitcoin, could pose risks to IREN's investment case.

Bears say

IREN is making positive strides in securing financing and acquiring new sites, but there is still uncertainty surrounding the strategic 2GW Sweetwater site, making it difficult for investors to fully assess the potential impact on revenue. Additionally, there is risk associated with bitcoin pricing and global network hashrate, as well as potential regulatory changes that could affect the company's operations and profitability. While the company's price target has been raised to $80, there are still risks that could impact the stock's performance.

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 5, 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: 42.43M

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