IRENFinancial Services · Capital MarketsThe 20 Wall Street analysts covering IREN Ltd. hold a median 12-month price target of $80 — +106.8% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 4 of 100 as at 6 Oct 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.
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.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Momentum (66): 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.
The bullish and bearish analyst opinions on IREN, reported as data — targets and ratings, the market's view beside the model's.
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
The green dot is the last close — the median target sits +106.8% from it.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 29 Sept 2026 | B. Riley Securities | Maintains | Buy | $96 → $91 |
| 21 Sept 2026 | Rothschild & Co | Initiates | Neutral | — |
| 21 Sept 2026 | Rothschild & Co | Initiates | Neutral | $40 |
| 18 Sept 2026 | Northland Capital Markets | Initiates | Outperform | $99 |
| 18 Sept 2026 | Northland Capital Markets | Initiates | Outperform | — |
| 14 Sept 2026 | BTIG | Reiterates | Buy | $80 |
| 14 Sept 2026 | BTIG | Reiterates | Buy | — |
| 14 Sept 2026 | JP Morgan | Upgrade | Overweight | $46 → $65 |
| 14 Sept 2026 | JP Morgan | Upgrade | Overweight | — |
| 2 Sept 2026 | BTIG | Reiterates | Buy | $80 |
| 2 Sept 2026 | BTIG | Reiterates | Buy | — |
| 2 Sept 2026 | Freedom Capital Markets | Maintains | Buy | $58 |
| 2 Sept 2026 | Freedom Capital Markets | Maintains | Buy | — |
| 28 Aug 2026 | BTIG | Reiterates | Buy | — |
| 28 Aug 2026 | BTIG | Reiterates | Buy | $80 |
| 28 Aug 2026 | Canaccord Genuity | Maintains | Buy | $79 |
| 28 Aug 2026 | Canaccord Genuity | Maintains | Buy | — |
| 28 Aug 2026 | Cantor Fitzgerald | Reiterates | Overweight | — |
| 28 Aug 2026 | Cantor Fitzgerald | Reiterates | Overweight | $99 |
| 28 Aug 2026 | Freedom Capital Markets | Maintains | Buy | $58 |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
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.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 7 Oct 2026, IREN Ltd. returned −37.3% against +17.7% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 14% of US stocks
Cheaper than 8% of US stocks
Cheaper than 26% of US stocks
Cheaper than 1% of US stocks
Higher than 10% of US stocks
Higher than 18% of US stocks
Higher than 75% of US stocks
Higher than 13% of US stocks
Higher than 6% of US stocks
Higher than 30% of US stocks
Higher than 36% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
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 $16.3B and an enterprise value of $17.9B.
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.
Trailing P/E: 52.6×; forward P/E: −10.4× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
IREN Ltd. employs 685 people — $1.0M of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
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 →
IREN positions its Sweetwater site as a major AI infrastructure hub, featuring 2 GW of planned capacity and a liquid-cooled design intended to scale.
Why it matters — The planned capacity and scalable cooling design are relevant to IREN’s stated AI expansion plans.
The Motley Fool highlighted Iren’s 5,800-megawatt pipeline and said the annual contract value per megawatt it leases continues to climb. The article also discussed Netlist’s patent-related legal wins and royalties.
Why it matters — IREN watchers may note the article’s focus on the scale of Iren’s pipeline and rising annual contract value per leased megawatt.
IREN is strengthening its infrastructure economics, with rising revenue per megawatt, stronger pricing, and prepayments improving returns on its expanding capacity. The company is doubling down on pricing as it grows.
Why it matters — IREN watchers will care because improving revenue per MW and stronger pricing signal better unit economics as the company expands its infrastructure capacity.
MarketBeat reports that the AI infrastructure buildout is constrained by power availability, with compute scarcity assumptions under pressure. The article highlights four energy stocks that already secure power supply, positioning them to benefit from the constraining factor in the AI buildout.
Why it matters — IREN watchers would care because energy supply is emerging as a key bottleneck in the AI infrastructure trade, and companies with secured power resources may hold a structural advantage.
IREN Ltd. shares have fallen roughly 18% from their Sept. 22 close, despite continued strong demand for the company's AI computing capacity. The decline comes as questions arise around its $30 billion spending plan.
Why it matters — IREN watchers would care because the stock's sharp decline amid strong AI demand and scrutiny of its large capital spending may signal investor concerns about the company's growth strategy and financial outlook.
The 20 Wall Street analysts covering IREN Ltd. have a median 12-month price target of $80, with estimates ranging from $40 to $131. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 20 analysts covering IREN Ltd., 15 rate it a Buy, 5 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks IREN Ltd. 4 out of 100 across roughly 4,600 US stocks as at 6 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 6 Oct 2026, IREN Ltd. ranks 4 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 (66 of 100).
No one can know that. What the data says: the median 12-month target from 20 analysts implies +106.8% from the last close, and Ticker Nerd's factor model ranks IREN Ltd. 4 out of 100 as at 6 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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: $40 to $131 over the next 12 months.
IREN Ltd. returned -37.3% over the 12 months to 7 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
IREN Ltd. is a data center and digital infrastructure company that operates large-scale, renewable energy-powered facilities in North America.
The most recent item we track (Zacks Investment Research, 7 Oct 2026): "IREN Limited's Sweetwater Hub: Can It Fuel IREN's AI Expansion Plans?". IREN positions its Sweetwater site as a major AI infrastructure hub, featuring 2 GW of planned capacity and a liquid-cooled design intended to scale.
IREN Ltd. is a data center and digital infrastructure company that operates large-scale, renewable energy-powered facilities in North America. The company provides the compute, power, cooling, and networking infrastructure needed for Bitcoin mining and AI cloud services, including GPU-based workloads for training and inference. Its business is built around vertically integrated operations, combining land, grid connections, substations, and data center facilities with managed services that support enterprise and high-performance computing customers. IREN Ltd. also maintains Bitcoin mining operations alongside its growing AI cloud platform, positioning the company at the intersection of energy-efficient computing and high-demand digital workloads. Headquartered in Sydney, Australia, IREN Ltd. serves a role in the market as an operator of power-dense infrastructure for both cryptocurrency and artificial intelligence applications.
CEO Mr. William Roberts · 685 employees · Australia · https://iren.com
