TICKERNERD
Menu
IRENIRENFinancial Services · Capital Markets

IREN Stock Forecast: IREN Ltd. Price Predictions for 2026-2027

Last close, 28 Oct 2026
$29
+5.10% on the day

The 20 Wall Street analysts covering IREN Ltd. hold a median 12-month price target of $80 — +177.4% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 3 of 100 as at 28 Oct 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$11.1B
Ticker Nerd rank
3/ 100
Median analyst target
$80
Analysts covering
20
Revenue$137.2M−26.7% y/y
Operating income−$140.6M
Net income−$684.0M
Free cash flow−$167.1M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+3.6%
1M
−30.9%
YTD
−23.6%
1Y
−53.8%
From 52W high
−62.3%
From 52W low
+15.8%
$25
$76
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

IREN stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores IREN Ltd. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 28 Oct 2026
3/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Momentum
40
Growth
36
Revisions
26
Value
22
Quality
16
Size
14
Accruals
10
Volatility
6
Issuance
4

Momentum (40): The shares have been drifting up relative to others.

Issuance (4): The company has been issuing shares or taking on financing, diluting existing holders.

Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.

Wall Street

IREN stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on IREN, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$20$40$60$80$100$120$140Jan 26Apr 26Jul 26Oct 26IRENHigh $139Median $80Low $37

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says20 analysts
16 Buy4 Hold0 Sell
Low $37Median $80High $139

The green dot is the last close — the median target sits +177.4% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
29 Sept 2026B. Riley SecuritiesMaintainsBuy$96 → $91
21 Sept 2026Rothschild & CoInitiatesNeutral—
21 Sept 2026Rothschild & CoInitiatesNeutral$40
18 Sept 2026Northland Capital MarketsInitiatesOutperform$99
18 Sept 2026Northland Capital MarketsInitiatesOutperform—
14 Sept 2026BTIGReiteratesBuy$80
14 Sept 2026BTIGReiteratesBuy—
14 Sept 2026JP MorganUpgradeOverweight$46 → $65
14 Sept 2026JP MorganUpgradeOverweight—
2 Sept 2026BTIGReiteratesBuy$80
2 Sept 2026BTIGReiteratesBuy—
2 Sept 2026Freedom Capital MarketsMaintainsBuy$58
2 Sept 2026Freedom Capital MarketsMaintainsBuy—
28 Aug 2026BTIGReiteratesBuy—
28 Aug 2026BTIGReiteratesBuy$80
28 Aug 2026Canaccord GenuityMaintainsBuy$79
28 Aug 2026Canaccord GenuityMaintainsBuy—
28 Aug 2026Cantor FitzgeraldReiteratesOverweight—
28 Aug 2026Cantor FitzgeraldReiteratesOverweight$99
28 Aug 2026Freedom Capital MarketsMaintainsBuy$58

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

The AI build-out map

IREN and 17 other companies make up AI cloud capacity.

The model tests each one against its peers. 1 pass every test this week.

  • All 113 AI build-out companies, part by part, with what each one does.
  • One part in full: AI networking and servers, with every verdict and the reason.
  • Free, as a PDF. Plus the Market Radar on Mondays.

Free. Unsubscribe any time.

The AI build-out map
PDF

  • AI cloud capacity

    MSFTAMZNGOOGLORCL

  • AI chips

    NVDAAVGOAMDMU

  • AI networking and serversIn full

    ANETDELLLITECRDO

  • Data centre power

    VRTCEGGEVVST

Performance

IREN vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 28 Oct 2026, IREN Ltd. returned −53.8% against +13.6% for the S&P 500, dividends included.

IREN vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120Jan 26Apr 26Jul 26Oct 26IRENS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

IREN analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
Analysts raising
2
Analysts cutting
1
Fundamentals

IREN Ltd. (IREN) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
52.6×

Cheaper than 14% of US stocks

Price / sales
15.7×

Cheaper than 10% of US stocks

Price / book
2.5×

Cheaper than 36% of US stocks

EV / EBITDA
332.7×

Cheaper than 1% of US stocks

Growth & margins
Revenue growth (YoY)
−26.7%

Higher than 9% of US stocks

Earnings growth (YoY)
−26.7%

Higher than 18% of US stocks

Gross margin
62.3%

Higher than 75% of US stocks

Operating margin
−102.5%

Higher than 13% of US stocks

Net margin
−99.4%

Higher than 6% of US stocks

Returns & dividend
Return on equity
−23.4%

Higher than 30% of US stocks

Return on assets
−2.5%

Higher than 36% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

IREN Ltd. (IREN) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • IREN Ltd. has a market value of $11.1B and an enterprise value of $12.8B.

  • Revenue in the twelve months to 30 June 2026: $707.0M. The latest quarter shrank 26.7% year on year.

  • Net income over the same four quarters: −$702.6M, a −99.4% net margin.

  • Free cash flow in the twelve months to 30 June 2026: −$2.4B.

  • Shares outstanding: 380.2M.

  • Trailing P/E: 52.6×; forward P/E: −6.9× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • IREN Ltd. employs 685 people — $1.0M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 28 Oct 2026

Data provided by Twelve Data

Peers

IREN vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelCapital Markets
CompanyMarket capTKN rank
IRENIREN Ltd.$11.1B3
EVREvercore, Inc.$11.6B85
JEFJefferies Financial Group, Inc.$11.1B48
SFStifel Financial Corp.$10.4B65
BMNRBitmine Immersion Technologies, Inc.$13.3B8
HLIHoulihan Lokey, Inc.$9.6B60
HUTHut 8 Corp.$8.6B19

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own IREN Ltd. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest IREN news & analysis

IREN: A $25 Stock That Trades Like A Call Option On The 2027 Build

Seeking Alpha · 29 Oct 2026neutral

The Seeking Alpha article characterizes IREN as a leveraged play on AI data center expansion, citing its contracted ARR and Microsoft partnership alongside dilution and substantial funding needs. It presents a valuation based on FY28 EBITDA while emphasizing execution risk and volatility.

Why it matters — IREN watchers may weigh the company's commercial commitments against funding requirements and the risks of executing its buildout.

CoreWeave and other neocloud stocks drop after Microsoft capex comes in below expectations

CNBC · 28 Oct 2026negative

IREN, CoreWeave and Nebius shares fell after Microsoft reported capex below expectations, raising concerns that infrastructure partners may take longer to deliver capacity. Neocloud stocks have also faced pressure amid concern that higher interest rates could make buildouts more costly.

Why it matters — IREN watchers may view the report as signaling potential delays in capacity delivery and increased financing-cost concerns for neocloud buildouts.

IREN Stock: The AI Boom Is Hiding A Bigger Problem

Seeking Alpha · 28 Oct 2026negative

IREN shares are down 30% in the recent AI selloff, with funding and cost-of-capital concerns contributing to negative sentiment. Despite infrastructure growth and the Mirantis acquisition, the excerpt says IREN remains closer to a bare-metal provider than a full-stack AI cloud platform.

Why it matters — IREN watchers may focus on how its funding concerns and current platform position relate to its AI infrastructure growth.

IREN and Wingspire Equipment Finance Complete $363 Million Financing for High-Density AI Compute Assets

Business Wire · 28 Oct 2026positive

IREN and Wingspire Equipment Finance closed a $363 million equipment financing transaction for IREN’s AI compute business. The financing refinanced recently acquired, revenue-generating GPU servers and networking systems deployed in high-density data centers.

Why it matters — The transaction concerns financing for IREN’s AI compute infrastructure and its recently acquired revenue-generating assets.

FAQ

Frequently asked questions about IREN stock

What is the IREN stock price forecast for 2026-2027?

The 20 Wall Street analysts covering IREN Ltd. have a median 12-month price target of $80, with estimates ranging from $37 to $139. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is IREN stock a buy right now?

Of the 20 analysts covering IREN Ltd., 16 rate it a Buy, 4 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks IREN Ltd. 3 out of 100 across roughly 4,600 US stocks as at 28 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank IREN?

As at 28 Oct 2026, IREN Ltd. ranks 3 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Momentum (40 of 100).

Will IREN stock go up?

No one can know that. What the data says: the median 12-month target from 20 analysts implies +177.4% from the last close, and Ticker Nerd's factor model ranks IREN Ltd. 3 out of 100 as at 28 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the IREN stock forecast for 2030?

No analyst covering IREN Ltd. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for IREN are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $37 to $139 over the next 12 months.

How has IREN stock performed over the past year?

IREN Ltd. returned -53.8% over the 12 months to 28 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does IREN Ltd. do?

IREN Ltd. is a data center and digital infrastructure company that operates large-scale, renewable energy-powered facilities in North America.

What is the latest news on IREN?

The most recent item we track (Seeking Alpha, 29 Oct 2026): "IREN: A $25 Stock That Trades Like A Call Option On The 2027 Build". The Seeking Alpha article characterizes IREN as a leveraged play on AI data center expansion, citing its contracted ARR and Microsoft partnership alongside dilution and substantial funding needs. It presents a valuation based on FY28 EBITDA while emphasizing execution risk and volatility.

Company

About IREN Ltd.

IREN Ltd. is a data center and digital infrastructure company that operates large-scale, renewable energy-powered facilities in North America. The company provides the compute, power, cooling, and networking infrastructure needed for Bitcoin mining and AI cloud services, including GPU-based workloads for training and inference. Its business is built around vertically integrated operations, combining land, grid connections, substations, and data center facilities with managed services that support enterprise and high-performance computing customers. IREN Ltd. also maintains Bitcoin mining operations alongside its growing AI cloud platform, positioning the company at the intersection of energy-efficient computing and high-demand digital workloads. Headquartered in Sydney, Australia, IREN Ltd. serves a role in the market as an operator of power-dense infrastructure for both cryptocurrency and artificial intelligence applications.

CEO Mr. William Roberts · 685 employees · Australia · https://iren.com