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

Last close, 21 Aug 2026
$42
−1.69% on the day

The 17 Wall Street analysts covering IREN Ltd. hold a median 12-month price target of $81 — +92.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 12 of 100 as at 22 Aug 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
$15.0B
Ticker Nerd rank
12 / 100
Median analyst target
$81
Analysts covering
17
Total return, dividends reinvested
1W
−4.9%
1M
+1.4%
YTD
+10.9%
1Y
+113.8%
From 52W high
−45.2%
From 52W low
+113.8%
$20
$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 22 Aug 2026
12 / 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
74
Growth
69
Quality
54
Revisions
28
Value
23
Size
12
Volatility
11
Accruals
9
Issuance
4

Momentum (74): 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 quant trader with fourteen 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$140Oct 25Jan 26Apr 26Jul 26IRENHigh $131Median $81Low $41

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

What Wall Street says17 analysts
13 Buy3 Hold1 Sell
Low $41Median $81High $131

The green dot is the last close — the median target sits +92.2% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
22 July 2026HC Wainwright & Co.MaintainsBuy—
22 July 2026HC Wainwright & Co.MaintainsBuy$85 → $90
21 July 2026Canaccord GenuityMaintainsBuy—
21 July 2026Canaccord GenuityMaintainsBuy$79
15 July 2026MacquarieMaintainsOutperform—
15 July 2026MacquarieMaintainsOutperform$90
6 July 2026Freedom BrokerUpgradeBuy$58
6 July 2026Freedom BrokerUpgradeBuy—
18 June 2026JefferiesInitiatesBuy—
4 June 2026B. Riley SecuritiesMaintainsBuy—
4 June 2026MacquarieMaintainsOutperform—
3 June 2026Canaccord GenuityMaintainsBuy—
28 May 2026Cantor FitzgeraldMaintainsOverweight—
27 May 2026B. Riley SecuritiesMaintainsBuy—
11 May 2026JP MorganMaintainsUnderweight—
11 May 2026MacquarieMaintainsOutperform—
8 May 2026BTIGMaintainsBuy—
8 May 2026HC Wainwright & Co.MaintainsBuy—
9 Apr 2026Cantor FitzgeraldMaintainsOverweight—
10 Feb 2026Canaccord GenuityMaintainsBuy—

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

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. IREN appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

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.

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
54.4×

Cheaper than 13% of US stocks

Price / sales
19.8×

Cheaper than 9% of US stocks

Price / book
5.4×

Cheaper than 20% of US stocks

EV / EBITDA
113.6×

Cheaper than 2% of US stocks

Growth & margins
Revenue growth (YoY)
−21.6%

Higher than 11% of US stocks

Earnings growth (YoY)
−0.0%

Higher than 35% of US stocks

Gross margin
64.6%

Higher than 78% of US stocks

Operating margin
−64.5%

Higher than 15% of US stocks

Net margin
20.9%

Higher than 83% of US stocks

Returns & dividend
Return on equity
7.7%

Higher than 58% of US stocks

Return on assets
−3.0%

Higher than 35% of US stocks

Dividend yield
—

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

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.$15.0B
12
BMNRBitmine Immersion Technologies, Inc.$13.8B
7
SFStifel Financial Corp.$12.5B
90
JEFJefferies Financial Group, Inc.$12.1B
58
EVREvercore, Inc.$11.6B
73
VIRTVirtu Financial, Inc.$10.4B
87
CRCLCircle Internet Group, Inc.$21.7B
14

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 Heads Into FY2026 Results: Can Growth Momentum Continue?

Zacks Investment Research · 21 Aug 2026positive

IREN is heading into its fiscal 2026 results with a focus on AI cloud growth, targeting over $4 billion in year-end annualized run-rate revenues. The company's growth momentum is under scrutiny as it prepares to report results.

Why it matters — IREN watchers would care because the company's ability to sustain AI cloud growth and hit its $4 billion annualized run-rate revenue target is central to its near-term outlook.

IREN Jumps 6% but Then Gives Up Gains as Microsoft Accepts Horizon 1; TeraWulf Ticks Up, Cipher Digital Drops 5%

24/7 Wall Street · 21 Aug 2026neutral

IREN shares rose 6% in Friday morning trading following Microsoft's acceptance of its Horizon 1 milestone, though the stock later gave up those gains. The move came as former Bitcoin miners pivoting into AI infrastructure reacted to the landmark acceptance, with TeraWulf ticking up while Cipher Mining fell 5%.

Why it matters — A Microsoft acceptance of IREN's Horizon 1 marks a significant validation of IREN's transition into AI infrastructure, a key focus for investors tracking the company's pivot away from Bitcoin mining.

Bitcoin surges above $70K as Trump backs Clarity Act, Treasury ramps up buybacks

New York Post · 20 Aug 2026positive

Bitcoin rose 4.6% to $72,475.25, a roughly 12% gain over two days after trading near $63,000 earlier in the week, amid news of Trump backing the Clarity Act and Treasury buybacks.

Why it matters — As a bitcoin mining company, IREN's revenue and profitability are closely tied to bitcoin prices, so a sharp rally in the digital asset could affect its outlook.

IREN Builds AI Cloud Momentum: Can Growth Accelerate From Here?

Zacks Investment Research · 20 Aug 2026positive

IREN's Horizon 1 has been accepted, and the company has secured a $9.7 billion deal with Microsoft along with contracted demand, which strengthens its AI cloud rollout. This positions IREN to move toward its 2026 capacity targets as its AI cloud momentum builds.

Why it matters — The Horizon 1 acceptance, multi-billion-dollar Microsoft agreement, and contracted demand are central developments for IREN watchers tracking the company's AI cloud growth and its path to 2026 capacity goals.

Earnings Preview: IREN Limited (IREN) Q4 Earnings Expected to Decline

Zacks Investment Research · 20 Aug 2026negative

Zacks Investment Research previews IREN Limited's upcoming Q4 earnings report, noting the company lacks the right combination of key ingredients for a likely earnings beat and highlighting key expectations for the report.

Why it matters — IREN watchers would care because the preview suggests Q4 earnings are expected to decline, signaling potential headwinds in the company's upcoming results.

FAQ

Frequently asked questions about IREN stock

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

The 17 Wall Street analysts covering IREN Ltd. have a median 12-month price target of $81, with estimates ranging from $41 to $131. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is IREN stock a buy right now?

Of the 17 analysts covering IREN Ltd., 13 rate it a Buy, 3 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks IREN Ltd. 12 out of 100 across roughly 4,600 US stocks as at 22 Aug 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank IREN?

As at 22 Aug 2026, IREN Ltd. ranks 12 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 (74 of 100).

Will IREN stock go up?

No one can know that. What the data says: the median 12-month target from 17 analysts implies +92.2% from the last close, and Ticker Nerd's factor model ranks IREN Ltd. 12 out of 100 as at 22 Aug 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: $41 to $131 over the next 12 months.

How has IREN stock performed over the past year?

IREN Ltd. returned +113.8% over the 12 months to 21 Aug 2026, with dividends reinvested. Past performance does not indicate future returns.

What does IREN Ltd. do?

IREN Limited is a next-generation data center company focused on power-dense computing workloads, including Bitcoin mining, artificial intelligence, and other high-performance applications. The company designs, owns, and operates vertically integrated data centers, controlling key components such as computing hardware, electrical infrastructure, and supporting facilities to optimize efficiency and reliability.

What is the latest news on IREN?

The most recent item we track (Zacks Investment Research, 21 Aug 2026): "IREN Heads Into FY2026 Results: Can Growth Momentum Continue?". IREN is heading into its fiscal 2026 results with a focus on AI cloud growth, targeting over $4 billion in year-end annualized run-rate revenues. The company's growth momentum is under scrutiny as it prepares to report results.

Company

About IREN Ltd.

IREN Limited is a next-generation data center company focused on power-dense computing workloads, including Bitcoin mining, artificial intelligence, and other high-performance applications. The company designs, owns, and operates vertically integrated data centers, controlling key components such as computing hardware, electrical infrastructure, and supporting facilities to optimize efficiency and reliability. Its operations are powered primarily by renewable energy, with grid-connected sites located in energy-abundant, fiber-connected regions across North America and other selected markets, supporting both sustainability and cost-effective compute at scale. IREN Limited generates revenue mainly from Bitcoin mining by earning block rewards and transaction fees, which are converted into traditional currencies, and increasingly from infrastructure and cloud-style services tailored to AI and high-performance computing clients. Serving enterprises and digital asset networks that require large-scale, resilient compute capacity, IREN Limited positions itself at the intersection of digital infrastructure, financial services, and information technology. Incorporated in 2018 and headquartered in Sydney, Australia, the company plays a notable role in supplying sustainable infrastructure for emerging compute-intensive industries.

CEO Mr. William Roberts · 257 employees · Australia · https://iren.com