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IREN Stock Forecast 2025-2026
$46.34
Current Price
$13.38B
Market Cap
Buy 10
Hold 2
Sell 2
Wall St Analyst Ratings
Distance to IREN Price Targets
+193.5%
To High Target of $136.00
+72.6%
To Median Target of $80.00
-48.2%
To Low Target of $24.00
IREN Price Momentum
+12.7%
1 Week Change
-25.7%
1 Month Change
+219.4%
1 Year Change
+371.9%
Year-to-Date Change
-39.7%
From 52W High of $76.87
+804.2%
From 52W Low of $5.13
📊 TOP ANALYST CALLS
Did IREN Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if Iris Energy is one of their latest high-conviction picks.
Latest IREN Stock Price Targets & Analyst Predictions
Based on our analysis of 17 Wall Street analysts, IREN has a bullish consensus with a median price target of $80.00 (ranging from $24.00 to $136.00). The overall analyst rating is Strong Buy (8.3/10). Currently trading at $46.34, the median forecast implies a 72.6% upside. This outlook is supported by 10 Buy, 2 Hold, and 2 Sell ratings.
The most optimistic forecast comes from Brett Knoblauch at Cantor Fitzgerald, projecting a 193.5% upside. Conversely, the most conservative target is provided by Reginald Smith at JP Morgan, suggesting a 48.2% downside.
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 Ratings
10
Buy
2
Hold
2
Sell
IREN Price Target Range
Low
$24.00
Average
$80.00
High
$136.00
Current: $46.34
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 |
|---|---|---|---|---|---|
| Nov 24, 2025 | JP Morgan | Reginald Smith | Underweight | Maintains | $39.00 |
| Nov 19, 2025 | Citizens | Greg Miller | Market Outperform | Initiates | $80.00 |
| Nov 10, 2025 | Canaccord Genuity | Joseph Vafi | Buy | Maintains | $70.00 |
| Nov 7, 2025 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Maintains | $136.00 |
| Nov 7, 2025 | HC Wainwright & Co. | Mike Colonnese | Sell | Maintains | $56.00 |
| Nov 3, 2025 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Maintains | $142.00 |
| Oct 29, 2025 | HC Wainwright & Co. | Mike Colonnese | Sell | Downgrade | $45.00 |
| Oct 22, 2025 | Macquarie | Paul Golding | Outperform | Maintains | $86.00 |
| Oct 14, 2025 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Maintains | $100.00 |
| Oct 14, 2025 | BTIG | Gregory Lewis | Buy | Maintains | $75.00 |
| Sep 29, 2025 | Macquarie | Paul Golding | Outperform | Maintains | $55.00 |
| Sep 26, 2025 | JP Morgan | Reginald Smith | Underweight | Downgrade | $24.00 |
| Sep 24, 2025 | Arete Research | Buy | Initiates | $78.00 | |
| Sep 23, 2025 | Roth Capital | Darren Aftahi | Buy | Maintains | $82.00 |
| Sep 16, 2025 | Canaccord Genuity | Joseph Vafi | Buy | Maintains | $42.00 |
| Sep 9, 2025 | BTIG | Gregory Lewis | Buy | Maintains | $32.00 |
| Sep 2, 2025 | Jones Trading | Stephen Glagola | Hold | Downgrade | $N/A |
| Aug 29, 2025 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Maintains | $41.00 |
| Aug 29, 2025 | HC Wainwright & Co. | Mike Colonnese | Buy | Maintains | $36.00 |
| Aug 29, 2025 | Canaccord Genuity | Joseph Vafi | Buy | Maintains | $37.00 |
IREN Limited (IREN) Competitors
The following stocks are similar to Iris Energy based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
IREN Limited (IREN) Financial Data
IREN Limited has a market capitalization of $13.38B with a P/E ratio of 25.7x. The company generates $688.55M in trailing twelve-month revenue with a 76.0% profit margin.
Revenue growth is +355.4% quarter-over-quarter, while maintaining an operating margin of -25.0% and return on equity of +26.1%.
Valuation Metrics
Market Cap
$13.38B
Enterprise Value
$12.61B
P/E Ratio
25.7x
PEG Ratio
0.0x
Price/Sales
18.7x
Growth & Margins
Revenue Growth (YoY)
+355.4%
Gross Margin
+62.9%
Operating Margin
-25.0%
Net Margin
+76.0%
EPS Growth
+355.4%
Financial Health
Cash/Price Ratio
+7.9%
Current Ratio
5.5x
Debt/Equity
33.6x
ROE
+26.1%
ROA
0.0%
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IREN Limited (IREN) Business Model
About IREN Limited
What They Do
Provides electricity, heat, and gas services.
Business Model
The company generates, distributes, and sells energy, primarily focusing on electricity, heat, and gas throughout Italy. It earns revenue through the sale of these essential services to residential, commercial, and industrial customers, while also leveraging its investments in renewable energy and integrated water services.
Additional Information
Iren Ltd. is a significant player in the Italian energy market, actively contributing to sustainability and energy transition goals. The company emphasizes innovation in its operations, including smart city solutions and district heating projects, and aims to enhance infrastructure and service quality. Its commitment to ecological responsibility positions it well within the evolving landscape of urban energy demands.
Company Information
Sector
Financial Services
Industry
Capital Markets
Employees
257
CEO
Mr. William Roberts
Country
Australia
IPO Year
2021
Website
iren.comIREN Limited (IREN) Latest News & Analysis
Featured Analysis
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Latest News
Quick Summary
IREN Limited (NASDAQ:IREN) is gaining interest from risk-tolerant investors as a rising player in the technology sector.
Why It Matters
IREN Limited's emergence in tech suggests potential growth and volatility, attracting risk-tolerant investors seeking high-reward opportunities in a competitive sector.
Source: 24/7 Wall Street
Market Sentiment:
Neutral
Quick Summary
IREN's stock surged 371%, but heavy capital expenditure, earnings uncertainty, and increased competition in AI/HPC pose significant risks for investors.
Why It Matters
IREN's stock surge highlights volatility, driven by high capital expenditures and earnings uncertainty, alongside increasing competition in AI and HPC, indicating heightened investment risk.
Source: Zacks Investment Research
Market Sentiment:
Negative
Why Iren Stock Plummeted Today
6 days ago
Quick Summary
A company plans to issue $2 billion in senior convertible notes as part of its strategy to raise capital through new debt and equity.
Why It Matters
Issuing $2 billion in convertible notes indicates a company is seeking capital, which can affect its stock dilution and leverage, impacting shareholder value and overall financial health.
Source: The Motley Fool
Market Sentiment:
Negative
Quick Summary
IREN stock has dropped over 40% this year, currently trading at $43, indicating a risky pattern that suggests potential further declines.
Why It Matters
The steep decline in IREN's stock price indicates potential continued losses, signaling heightened risk and possible sell-off pressure, impacting investor sentiment and strategy.
Source: Invezz
Market Sentiment:
Negative
Quick Summary
IREN Ltd (NASDAQ: IREN) announced a capital raise aimed at transforming its balance sheet, potentially impacting its position in the AI infrastructure sector.
Why It Matters
IREN Ltd's capital raise signals a strategic shift, enhancing its financial position to compete effectively in the growing AI infrastructure market, potentially boosting investor confidence and stock value.
Source: Benzinga
Market Sentiment:
Neutral
Quick Summary
Iren Ltd. (IREN) aims to become an AI cloud leader, supported by a $9.7B Microsoft deal and NVIDIA partnership. Projected annual revenue is $2B, with a fair value estimate of $68 per share.
Why It Matters
Iren Ltd.'s strategic partnerships and projected revenue growth signal strong upside potential, making it an attractive investment opportunity with significant valuation upside.
Source: Seeking Alpha
Market Sentiment:
Positive
Frequently Asked Questions About IREN Stock
What is IREN Limited's (IREN) stock forecast for 2026?
Based on our analysis of 17 Wall Street analysts, IREN Limited (IREN) has a median price target of $80.00. The highest price target is $136.00 and the lowest is $24.00.
Is IREN stock a good investment in 2026?
According to current analyst ratings, IREN has 10 Buy ratings, 2 Hold ratings, and 2 Sell ratings. The stock is currently trading at $46.34. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for IREN stock?
Wall Street analysts predict IREN stock could reach $80.00 in the next 12 months. This represents a 72.6% increase from the current price of $46.34. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is IREN Limited's business model?
The company generates, distributes, and sells energy, primarily focusing on electricity, heat, and gas throughout Italy. It earns revenue through the sale of these essential services to residential, commercial, and industrial customers, while also leveraging its investments in renewable energy and integrated water services.
What is the highest forecasted price for IREN IREN Limited?
The highest price target for IREN is $136.00 from Brett Knoblauch at Cantor Fitzgerald, which represents a 193.5% increase from the current price of $46.34.
What is the lowest forecasted price for IREN IREN Limited?
The lowest price target for IREN is $24.00 from Reginald Smith at JP Morgan, which represents a -48.2% decrease from the current price of $46.34.
What is the overall IREN consensus from analysts for IREN Limited?
The overall analyst consensus for IREN is bullish. Out of 17 Wall Street analysts, 10 rate it as Buy, 2 as Hold, and 2 as Sell, with a median price target of $80.00.
How accurate are IREN stock price projections?
Stock price projections, including those for IREN 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.
Important 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.
Last updated: December 9, 2025 3:31 AM UTC