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

Last close, 4 Sept 2026
$45
+7.27% on the day

The 17 Wall Street analysts covering IREN Ltd. hold a median 12-month price target of $80 — +79.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 5 of 100 as at 5 Sept 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
$17.6B
Ticker Nerd rank
5 / 100
Median analyst target
$80
Analysts covering
17
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
+26.0%
1M
+9.4%
YTD
+18.3%
1Y
+71.0%
From 52W high
−41.5%
From 52W low
+71.0%
$26
$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 5 Sept 2026
5 / 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
37
Revisions
29
Value
23
Quality
17
Size
11
Volatility
10
Accruals
10
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 $80Low $43

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 says17 analysts
13 Buy3 Hold1 Sell
Low $43Median $80High $131

The green dot is the last close — the median target sits +79.1% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
2 Sept 2026BTIGReiteratesBuy$80
2 Sept 2026Freedom Capital MarketsMaintainsBuy$58
28 Aug 2026BTIGReiteratesBuy$80
28 Aug 2026Canaccord GenuityMaintainsBuy$79
28 Aug 2026Cantor FitzgeraldReiteratesOverweight$99
28 Aug 2026Freedom Capital MarketsMaintainsBuy$58
28 Aug 2026HC Wainwright & Co.ReiteratesBuy$90
28 Aug 2026MacquarieMaintainsOutperform$90
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—

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.

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 4 Sept 2026, IREN Ltd. returned +71.0% against +20.0% for the S&P 500, dividends included.

IREN vs S&P 500, last 12 monthsTotal return, rebased to 100
100150200250Oct 25Jan 26Apr 26Jul 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
24.9×

Cheaper than 8% of US stocks

Price / book
4.1×

Cheaper than 26% of US stocks

EV / EBITDA
509.8×

Cheaper than 1% of US stocks

Growth & margins
Revenue growth (YoY)
−26.7%

Higher than 10% of US stocks

Earnings growth (YoY)
−26.7%

Higher than 17% 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
—

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 $17.6B and an enterprise value of $19.6B.

  • 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: 394.1M.

  • Trailing P/E: 52.6×; forward P/E: −168.6× — the forward figure prices analyst consensus estimates, not reported 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 6 Sept 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.$17.6B
5
BMNRBitmine Immersion Technologies, Inc.$15.1B
7
JEFJefferies Financial Group, Inc.$12.7B
55
SFStifel Financial Corp.$12.6B
91
TWTradeweb Markets, Inc.$25.1B
68
CRCLCircle Internet Group, Inc.$25.2B
13
EVREvercore, Inc.$11.8B
72

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's AI Pricing Is Exploding — Why the Neocloud's $2.6 Billion Contract Base Could Scale Dramatically

24/7 Wall Street · 7 Sept 2026positive

The item highlights IREN's exploding AI pricing, noting a consequential $25 million per megawatt figure tied to its Q4 FY26 report that sits outside the income statement. The headline suggests the neocloud's $2.6 billion contract base could scale dramatically.

Why it matters — IREN watchers would care because the $2.6 billion contracted base with expanding per-megawatt pricing signals growing revenue potential for its AI/neocloud business.

Analyzing Applied Digital vs. IREN: Accelerating Upward Trajectories vs.

The Motley Fool · 6 Sept 2026negative

A Motley Fool analysis compares Applied Digital and IREN's top-line performance over the last eight quarters. It finds Applied Digital posted continuous quarter-over-quarter revenue growth, while IREN, after steady initial increases, shifted to consecutive quarter-over-quarter revenue declines.

Why it matters — The comparison highlights that IREN's revenue has recently been declining quarter over quarter, which is relevant for watchers assessing its growth trajectory versus a peer.

Jim Cramer: This Health Care Stock Is Pure Spec, The Only Neocloud I Like Is

Benzinga · 4 Sept 2026neutral

On CNBC's "Mad Money Lightning Round," Jim Cramer described Nuvation Bio Inc. as a "pure spec." The program also featured Cramer expressing support for one neocloud company, per the headline.

Why it matters — IREN watchers may care because Cramer's endorsement of a specific neocloud firm could draw attention to the broader neocloud sector in which IREN participates.

Data Center Stocks Rally With Bitcoin: Cipher Mining Jumps 12%, TeraWulf Surges 8%, IREN Rises 4%

24/7 Wall Street · 3 Sept 2026neutral

Bitcoin-linked data center operators, including IREN, rallied today as Bitcoin stabilized near recent lows. IREN rose 4%, while peers Cipher Mining and TeraWulf posted larger gains; no fresh company announcement drove the moves.

Why it matters — For IREN watchers, the stock's movement is tied to Bitcoin's performance rather than company-specific news, underscoring its sensitivity to cryptocurrency price swings.

Wall Street sets IREN stock price for the next 12 months

Finbold · 3 Sept 2026positive

IREN Ltd. stock rose more than 14% over two days, driven by strong institutional demand for its AI cloud infrastructure. Bernstein analyst Gautam Chhugani expects the stock to rally toward a new all-time high over the next 12 months.

Why it matters — The news highlights growing institutional interest in IREN's AI cloud business and an analyst outlook for continued upside over the next year.

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 $80, with estimates ranging from $43 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. 5 out of 100 across roughly 4,600 US stocks as at 5 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank IREN?

As at 5 Sept 2026, IREN Ltd. ranks 5 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 +79.1% from the last close, and Ticker Nerd's factor model ranks IREN Ltd. 5 out of 100 as at 5 Sept 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: $43 to $131 over the next 12 months.

How has IREN stock performed over the past year?

IREN Ltd. returned +71.0% over the 12 months to 4 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does IREN Ltd. do?

IREN Limited is a digital infrastructure company that operates vertically integrated data centers designed for power-dense computing workloads. IREN Limited provides renewable-energy-powered facilities that support Bitcoin mining, artificial intelligence cloud services, and high-performance computing applications.

What is the latest news on IREN?

The most recent item we track (24/7 Wall Street, 7 Sept 2026): "IREN's AI Pricing Is Exploding — Why the Neocloud's $2.6 Billion Contract Base Could Scale Dramatically". The item highlights IREN's exploding AI pricing, noting a consequential $25 million per megawatt figure tied to its Q4 FY26 report that sits outside the income statement. The headline suggests the neocloud's $2.6 billion contract base could scale dramatically.

Company

About IREN Ltd.

IREN Limited is a digital infrastructure company that operates vertically integrated data centers designed for power-dense computing workloads. IREN Limited provides renewable-energy-powered facilities that support Bitcoin mining, artificial intelligence cloud services, and high-performance computing applications. Its business combines computing hardware, electrical infrastructure, and data center operations to deliver specialized capacity for clients and internal workloads in renewable-rich regions across Australia, Canada, and North America. The company focuses on large-scale, energy-efficient compute environments that serve the needs of blockchain, AI training and inference, and other data-intensive sectors. IREN Limited plays a notable role in the market as an operator of next-generation data centers that connect energy, infrastructure, and digital computing demand.

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