12 Month Price Forecast For IREN
Distance to IREN Price Forecasts
IREN Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 12, 2025 12:15 AM UTC
IREN Analyst Ratings & Price Targets
Based on our analysis of 15 Wall Street analysts, IREN has a bullish consensus with a median price target of $22.00 (ranging from $15.00 to $26.00). The overall analyst rating is Strong Buy (9.0/10). Currently trading at $12.86, the median forecast implies a 71.1% upside. This outlook is supported by 10 Buy, 2 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Gautam Chhugani at Bernstein, projecting a 102.2% upside. Conversely, the most conservative target is provided by Joseph Vafi at Canaccord Genuity, suggesting a 16.6% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
IREN Analyst Consensus
IREN Price Target Range
Latest IREN Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for IREN.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Dec 19, 2024 | B. Riley Securities | Lucas Pipes | Buy | Maintains | $16.00 |
| Dec 12, 2024 | Jones Trading | Stephen Glagola | Buy | Initiates | $22.00 |
| Dec 10, 2024 | JP Morgan | Neutral | Downgrade | $0.00 | |
| Dec 4, 2024 | Macquarie | Outperform | Maintains | $0.00 | |
| Nov 27, 2024 | HC Wainwright & Co. | Mike Colonnese | Buy | Maintains | $16.00 |
| Nov 27, 2024 | Canaccord Genuity | Joseph Vafi | Buy | Maintains | $17.00 |
| Nov 27, 2024 | Needham | John Todaro | Hold | Reiterates | $0.00 |
| Nov 27, 2024 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Maintains | $23.00 |
| Oct 30, 2024 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Reiterates | $20.00 |
| Oct 3, 2024 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Reiterates | $20.00 |
| Oct 2, 2024 | Roth MKM | Darren Aftahi | Buy | Initiates | $14.00 |
| Sep 13, 2024 | B. Riley Securities | Lucas Pipes | Buy | Maintains | $12.00 |
| Sep 4, 2024 | Needham | John Todaro | Hold | Initiates | $0.00 |
| Sep 3, 2024 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Reiterates | $20.00 |
| Aug 30, 2024 | Compass Point | Chase White | Buy | Maintains | $16.00 |
| Aug 30, 2024 | Canaccord Genuity | Joseph Vafi | Buy | Maintains | $15.00 |
| Aug 30, 2024 | Macquarie | Paul Golding | Outperform | Maintains | $13.50 |
| Aug 29, 2024 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Maintains | $20.00 |
| Aug 29, 2024 | Canaccord Genuity | Joseph Vafi | Buy | Maintains | $15.00 |
| Aug 29, 2024 | HC Wainwright & Co. | Mike Colonnese | Buy | Maintains | $13.00 |
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Iris Energy Limited (IREN) Financial Data
Iris Energy Limited has a market capitalization of $2.76B with a P/E ratio of 3.6x. The company generates $188.76M in trailing twelve-month revenue with a -15.3% profit margin.
Revenue growth is +67.9% quarter-over-quarter, while maintaining an operating margin of -40.3% and return on equity of -4.1%.
Valuation Metrics
Growth & Margins
Financial Health
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Iris Energy Limited (IREN) Company Overview
About Iris Energy Limited
Operates bitcoin mining data centers and computing solutions.
Iris Energy Limited generates revenue primarily through bitcoin mining operations, leveraging data centers to mine cryptocurrency efficiently. Additionally, the company offers high-performance computing solutions, including AI cloud services, which provide another stream of income.
Incorporated in 2018 and based in Sydney, Australia, Iris Energy is positioned in the growing cryptocurrency mining sector, which has seen increased demand as digital asset adoption rises. The company’s focus on high-performance computing indicates a strategic diversification that may attract a broader range of clients beyond just cryptocurrency mining.
Company Information
Sector
Financial Services
Industry
Capital Markets
Employees
144
CEO
Mr. William Roberts
Country
Australia
IPO Year
2021
Website
iren.comIris Energy Limited (IREN) Latest News & Analysis
IREN January 2025 Monthly Update
5 days agoIREN Limited (NASDAQ: IREN) has released its monthly update for January 2025, according to a news announcement on February 6, 2025.
IREN's monthly update may provide insights into its financial performance, operational developments, and market position, influencing investor sentiment and stock valuation.
IREN Limited (IREN) Crossed Above the 20-Day Moving Average: What That Means for Investors
5 days agoIREN Limited (IREN) has surpassed its 20-day moving average, indicating a potential short-term bullish trend after reaching a key support level.
IREN Limited's technical indicators show a bullish trend, which may attract investors seeking short-term gains, potentially driving up demand and stock price.
In a declining market, savvy investors focus on stocks showing relative strength. Notable examples include IREN, SERV, and FUTU.
Identifying stocks like IREN, SERV, and FUTU that show relative strength in a declining market can signal potential opportunities for growth, attracting savvy investors seeking resilience.
IREN Limited (NASDAQ: IREN) will release its financial results for Q4 and Q1 on February 12, 2025, followed by a conference call at 5:00 p.m. NY time.
IREN Limited's upcoming financial results and conference call may influence stock performance, providing insights into the company's financial health and future outlook.
Wall Street Analysts See a 103.67% Upside in IREN Limited (IREN): Can the Stock Really Move This High?
14 days agoAnalysts' price targets for IREN Limited (IREN) suggest a potential 103.7% upside. Increased agreement on earnings estimates indicates positive sentiment for the stock.
Analysts' price targets suggest significant upside for IREN Limited, and consensus on rising earnings estimates may signal positive momentum, influencing investor sentiment and stock performance.
Bitcoin miners try to rebound from choppy market
14 days agoBitcoin miners are experiencing a mixed recovery, as discussed by CNBC's Tanaya Macheel on 'Closing Bell.' Investors should monitor industry developments for potential impacts.
The mixed recovery for bitcoin miners signals volatility in the cryptocurrency market, impacting investment strategies and potential returns.
Frequently Asked Questions About IREN Stock
What is Iris Energy Limited's (IREN) stock forecast for 2025?
Based on our analysis of 15 Wall Street analysts, Iris Energy Limited (IREN) has a median price target of $22.00. The highest price target is $26.00 and the lowest is $15.00.
Is IREN stock a good investment in 2025?
According to current analyst ratings, IREN has 10 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $12.86. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for IREN stock?
Wall Street analysts predict IREN stock could reach $22.00 in the next 12 months. This represents a 71.1% increase from the current price of $12.86. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Iris Energy Limited's business model?
Iris Energy Limited generates revenue primarily through bitcoin mining operations, leveraging data centers to mine cryptocurrency efficiently. Additionally, the company offers high-performance computing solutions, including AI cloud services, which provide another stream of income.
What is the highest forecasted price for IREN Iris Energy Limited?
The highest price target for IREN is $26.00 from Gautam Chhugani at Bernstein, which represents a 102.2% increase from the current price of $12.86.
What is the lowest forecasted price for IREN Iris Energy Limited?
The lowest price target for IREN is $15.00 from Joseph Vafi at Canaccord Genuity, which represents a 16.6% increase from the current price of $12.86.
What is the overall IREN consensus from analysts for Iris Energy Limited?
The overall analyst consensus for IREN is bullish. Out of 15 Wall Street analysts, 10 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $22.00.
How accurate are IREN stock price projections?
Stock price projections, including those for Iris Energy Limited, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
