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

Last close, 11 Sept 2026
$44
+0.48% on the day

The 17 Wall Street analysts covering IREN Ltd. hold a median 12-month price target of $80 — +82.4% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 5 of 100 as at 12 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
$17.3B
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
+5.3%
1M
+10.3%
YTD
+16.1%
1Y
+33.5%
From 52W high
−42.6%
From 52W low
+49.6%
$29
$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 12 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
76
Growth
38
Revisions
29
Value
23
Quality
17
Volatility
11
Size
11
Accruals
9
Issuance
4

Momentum (76): 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 +82.4% 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 11 Sept 2026, IREN Ltd. returned +33.5% against +17.5% for the S&P 500, dividends included.

IREN vs S&P 500, last 12 monthsTotal return, rebased to 100
80100120140160180200220Oct 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
24.4×

Cheaper than 8% of US stocks

Price / book
4.0×

Cheaper than 26% of US stocks

EV / EBITDA
501.1×

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 $17.3B and an enterprise value of $19.2B.

  • 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: −165.4× — 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 13 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.$17.3B
5
BMNRBitmine Immersion Technologies, Inc.$15.1B
7
CRCLCircle Internet Group, Inc.$22.4B
13
TWTradeweb Markets, Inc.$24.0B
66
SFStifel Financial Corp.$12.3B
90
HUTHut 8 Corp.$12.2B
16
JEFJefferies Financial Group, Inc.$12.0B
59

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

Bitcoin Miners Are Turning Into AI Landlords. These 3 Stocks Are Riding the Pivot

24/7 Wall Street · 11 Sept 2026positive

The article reports that former Bitcoin miners are pivoting into AI infrastructure, signing billion-dollar contracts with hyperscalers and frontier AI labs by offering power and data-center capacity rather than GPUs. It highlights three mid-cap stocks, including IREN, racing to secure this critical bottleneck that NVIDIA cannot manufacture.

Why it matters — IREN watchers would care because it positions IREN among the miners leveraging its power and site assets to capture AI-related contracts and diversify beyond Bitcoin mining.

Is Iren Stock a Buy Now?

The Motley Fool · 9 Sept 2026neutral

Iren is transitioning its business away from Bitcoin mining and toward AI cloud services, according to a Motley Fool analysis. The company is expanding its workforce, and its AI cloud services revenue grew from $16.4 million in 2025 to $128.8 million in 2026.

Why it matters — A IREN watcher would care because the company's strategic pivot to AI cloud services represents a significant shift in its revenue base and business model.

Could IREN Become the Next Nvidia-Backed AI Winner?

24/7 Wall Street · 9 Sept 2026positive

IREN, a former Bitcoin miner, now holds billions in contracted AI cloud revenue and a direct NVIDIA investment commitment. However, capturing this upside depends on completing an ambitious infrastructure buildout, one of the largest in the sector's history.

Why it matters — An IREN watcher would care because the company's transition into AI cloud computing with NVIDIA backing represents a significant strategic shift that could reshape its revenue profile.

Pure-Play AI Cloud vs. Energy-Driven Infrastructure: Nebius Scale Meets IREN Limited's Efficiency

24/7 Wall Street · 9 Sept 2026neutral

The article contrasts two AI infrastructure companies that reported earnings under the same market tailwind but with opposite strategies: a pure-play AI cloud approach centered on scale (Nebius) versus energy-driven infrastructure focused on efficiency (IREN Limited). It notes that only one of these playbooks can withstand a construction delay or a GPU slip.

Why it matters — The piece frames how IREN's energy-focused efficiency strategy is being weighed against a rival's cloud scale in the face of construction and GPU supply risks.

IREN Surges 7% on Conditional ERCOT Status for 2GW Sweetwater Hub, Applied Digital Climbs 6%

24/7 Wall Street · 8 Sept 2026positive

IREN Ltd. shares rose 7% after securing conditional ERCOT status for its 2GW Sweetwater Hub in Texas. The article highlights that grid interconnection is emerging as the scarcest input in the AI compute buildout, with IREN landing a notable Texas milestone.

Why it matters — Securing conditional ERCOT grid interconnection status gives IREN access to capacity that is increasingly scarce for the AI compute buildout, advancing its Sweetwater Hub development.

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 12 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank IREN?

As at 12 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 (76 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 +82.4% from the last close, and Ticker Nerd's factor model ranks IREN Ltd. 5 out of 100 as at 12 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 +33.5% over the 12 months to 11 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does IREN Ltd. do?

IREN Limited is an Australia-based data center and cloud infrastructure company focused on power-dense computing applications. The company develops and operates vertically integrated facilities that support artificial intelligence workloads, high-performance computing, and Bitcoin mining.

What is the latest news on IREN?

The most recent item we track (24/7 Wall Street, 11 Sept 2026): "Bitcoin Miners Are Turning Into AI Landlords. These 3 Stocks Are Riding the Pivot". The article reports that former Bitcoin miners are pivoting into AI infrastructure, signing billion-dollar contracts with hyperscalers and frontier AI labs by offering power and data-center capacity rather than GPUs. It highlights three mid-cap stocks, including IREN, racing to secure this critical bottleneck that NVIDIA cannot manufacture.

Company

About IREN Ltd.

IREN Limited is an Australia-based data center and cloud infrastructure company focused on power-dense computing applications. The company develops and operates vertically integrated facilities that support artificial intelligence workloads, high-performance computing, and Bitcoin mining. Its services include AI cloud compute, GPU clusters for training and inference, and the underlying electrical and data center infrastructure needed to run these workloads efficiently. IREN’s operations are built around renewable energy and grid-connected sites in regions with access to abundant power and connectivity. The company serves customers that need scalable computing capacity, specialized hardware, and managed infrastructure for demanding digital workloads. IREN Limited plays a growing role in the market for AI infrastructure and digital asset mining by combining data center operations, compute hardware, and energy access within a single platform.

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