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IREN Stock Forecast 2026-2027
$47.70
Current Price
$15.96B
Market Cap
Buy 11
Hold 3
Sell 2
Wall St Analyst Ratings
Distance to IREN Price Targets
+162.1%
To High Target of $125.00
+61.4%
To Median Target of $77.00
-45.5%
To Low Target of $26.00
IREN Price Momentum
+21.3%
1 Week Change
+13.0%
1 Month Change
+753.3%
1 Year Change
+26.3%
Year-to-Date Change
-37.9%
From 52W High of $76.87
+810.3%
From 52W Low of $5.24
📊 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 18 Wall Street analysts, IREN has a bullish consensus with a median price target of $77.00 (ranging from $26.00 to $125.00). The overall analyst rating is Strong Buy (8.3/10). Currently trading at $47.70, the median forecast implies a 61.4% upside. This outlook is supported by 11 Buy, 3 Hold, and 2 Sell ratings.
Conversely, the most conservative target is provided by Gautam Chhugani at Bernstein, suggesting a 45.5% 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
11
Buy
3
Hold
2
Sell
IREN Price Target Range
Low
$26.00
Average
$77.00
High
$125.00
Current: $47.70
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 |
|---|---|---|---|---|---|
| Apr 9, 2026 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Maintains | $61.00 |
| Feb 10, 2026 | Canaccord Genuity | Joseph Vafi | Buy | Maintains | $70.00 |
| Feb 6, 2026 | Macquarie | Paul Golding | Outperform | Maintains | $70.00 |
| Feb 6, 2026 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Maintains | $82.00 |
| Jan 13, 2026 | HC Wainwright & Co. | Mike Colonnese | Buy | Upgrade | $80.00 |
| Dec 18, 2025 | Goldman Sachs | Michael Ng | Neutral | Initiates | $39.00 |
| 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 | BTIG | Gregory Lewis | Buy | Maintains | $75.00 |
| Oct 14, 2025 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Maintains | $100.00 |
| 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 |
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
Iris Energy
mkt cap
13.04B
IREN Limited (IREN) Financial Data
IREN Limited has a market capitalization of $15.96B with a P/E ratio of 33.0x. The company generates $757.10M in trailing twelve-month revenue with a 51.5% profit margin.
Revenue growth is +59.0% quarter-over-quarter, while maintaining an operating margin of -45.8% and return on equity of +20.5%.
Valuation Metrics
Market Cap
$15.96B
Enterprise Value
$16.80B
P/E Ratio
33.0x
PEG Ratio
0.0x
Price/Sales
21.4x
Growth & Margins
Revenue Growth (YoY)
+59.0%
Gross Margin
+59.8%
Operating Margin
-45.8%
Net Margin
+51.5%
EPS Growth
+59.0%
Financial Health
Cash/Price Ratio
+20.6%
Current Ratio
5.0x
Debt/Equity
153.0x
ROE
+20.5%
ROA
-1.4%
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IREN Limited (IREN) Business Model
About IREN Limited
What They Do
Operates data centers focused on Bitcoin mining.
Business Model
IREN Limited generates revenue through its vertically integrated data center operations, specifically by providing computing power for Bitcoin mining and high-performance computing applications. The company capitalizes on its renewable energy-powered facilities to attract clients needing robust AI cloud services, GPU clusters, and colocation solutions.
Additional Information
Founded in 2018 and headquartered in Sydney, Australia, IREN Limited emphasizes sustainability and operational efficiency in its services. Its strategic locations in renewable-rich areas enable reliable infrastructure for demanding workloads, positioning the company as a leader in energy-efficient data center solutions in both the Bitcoin and AI markets.
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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What happens when the "worst-case scenario" doesn't happen? Wall Street just delivered a $7 trillion answer.
Apr 17, 2026
By Andrew Rocco
Investment Ideas
IREN Limited Plunges 23% in 3 Months: Time to Hold or Fold the Stock?
IREN's 23% slide in the past three months reflects near-term mining weakness, but its AI cloud pivot and GPU expansion support a hold stance for now.
Apr 07, 2026
By Om Jaiswal
Analyst Blog
Can IREN's 150K GPU Fleet Drive $3.7B AI Cloud ARR Target in 2026?
IREN is betting on 150,000 GPUs to reach $3.7B AI cloud ARR by 2026, with $2.3B already under contract and more customer talks underway.
Apr 07, 2026
By Om Jaiswal
Analyst Blog
Latest News
Quick Summary
IREN Ltd (NASDAQ:IREN) shares rose 9.1% to $46.97, marking its eighth consecutive gain amid a rally in the tech sector.
Why It Matters
IREN Ltd's 9.1% rise signals strong investor confidence and momentum in the tech sector, potentially indicating continued growth and positive market sentiment for data centers.
Source: Schaeffers Research
Market Sentiment:
Positive
Quick Summary
IREN has over 4.5 GW of projects and purchases Nvidia chips for better client deals. Cipher Digital uses a low-risk model by avoiding costs for expensive AI chips.
Why It Matters
IREN's substantial project pipeline and strategic chip purchases enhance its profitability, while Cipher Digital's low-risk model positions it favorably against competitors in the AI market.
Source: The Motley Fool
Market Sentiment:
Neutral
Quick Summary
IREN outperforms APLD due to stronger contracts and funding, alongside a lower valuation. APLD faces timing risks related to leases and power supply.
Why It Matters
IREN's stronger contracts and funding position it favorably against APLD, which faces operational risks. This could lead to a shift in investor confidence and stock performance.
Source: Zacks Investment Research
Market Sentiment:
Negative
Quick Summary
IREN stock has risen from $30 on March 30 to $40 currently, but it is still down 50% from its peak in 2025.
Why It Matters
IREN's recent rebound signals potential recovery, yet its 50% decline from 2025 highs indicates volatility. Investors might view this as a buying opportunity or a risk.
Source: Invezz
Market Sentiment:
Neutral
Quick Summary
IREN Ltd (NASDAQ:IREN) is trading at $36.83, with a Wall Street consensus price target of $73.47, indicating a potential upside of about 99%.
Why It Matters
IREN Ltd’s current trading price is significantly below the Wall Street consensus target, suggesting potential for substantial gains, attracting interest from value-focused investors.
Source: 24/7 Wall Street
Market Sentiment:
Positive
Quick Summary
IREN stock is in a bear market, trading at $35.7, significantly down from its all-time high, despite strong demand for AI computing.
Why It Matters
IREN's decline into a bear market signals potential weakness despite strong AI demand, raising concerns about its growth prospects and affecting investor sentiment.
Source: Invezz
Market Sentiment:
Neutral
Frequently Asked Questions About IREN Stock
What is IREN Limited's (IREN) stock forecast for 2026?
Based on our analysis of 18 Wall Street analysts, IREN Limited (IREN) has a median price target of $77.00. The highest price target is $125.00 and the lowest is $26.00.
Is IREN stock a good investment in 2026?
According to current analyst ratings, IREN has 11 Buy ratings, 3 Hold ratings, and 2 Sell ratings. The stock is currently trading at $47.70. 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 $77.00 in the next 12 months. This represents a 61.4% increase from the current price of $47.70. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is IREN Limited's business model?
IREN Limited generates revenue through its vertically integrated data center operations, specifically by providing computing power for Bitcoin mining and high-performance computing applications. The company capitalizes on its renewable energy-powered facilities to attract clients needing robust AI cloud services, GPU clusters, and colocation solutions.
What is the highest forecasted price for IREN IREN Limited?
The highest price target for IREN is $125.00 from at , which represents a 162.1% increase from the current price of $47.70.
What is the lowest forecasted price for IREN IREN Limited?
The lowest price target for IREN is $26.00 from Gautam Chhugani at Bernstein, which represents a -45.5% decrease from the current price of $47.70.
What is the overall IREN consensus from analysts for IREN Limited?
The overall analyst consensus for IREN is bullish. Out of 18 Wall Street analysts, 11 rate it as Buy, 3 as Hold, and 2 as Sell, with a median price target of $77.00.
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: April 17, 2026 9:14 PM UTC