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IREN
Volume: 51.41M

IREN Stock Forecast & Price Target

IREN Analyst Ratings

Based on 11 analyst ratings
Buy
Strong Buy 55%
Buy 27%
Hold 9%
Sell 9%
Strong Sell 0%

Bulls say

IREN is a leading player in the cryptocurrency mining industry, with a strong focus on ESG and renewable energy sources. The company has a partnership with industry leader Microsoft to support their cloud infrastructure ambitions and is in the process of converting its existing bitcoin capacity for AI purposes. With the increasing demand for compute and higher GPU pricing, we believe IREN has the potential to generate significant annual recurring revenue and value from its data centers. The recent acquisitions of Mirantis and Nostrum Group add to its capabilities and expand its power capacity to ~5GW. Risks include those associated with the BTC sector and any potential shifts in the cryptocurrency market.

Bears say

IREN is taking on significant risk by converting its bitcoin capacity for AI purposes and relying heavily on contracts and partnerships with specific companies such as NVIDIA and Microsoft. While these partnerships may bring in high revenue density per MW in the short term, there are execution risks involved in timely construction, commissioning, and GPU deployment that could impact cash flows. Additionally, there is potential customer concentration and execution risk associated with relying on a few key counterparties for revenue.

IREN has been analyzed by 11 analysts, with a consensus rating of Buy. 55% of analysts recommend a Strong Buy, 27% recommend Buy, 9% suggest Holding, 9% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Iris Energy Ltd and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Iris Energy Ltd (IREN) Forecast

Analysts have given IREN a Buy based on their latest research and market trends.

According to 11 analysts, IREN has a Buy consensus rating as of Jun 2, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $76.09, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $76.09, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Iris Energy Ltd (IREN)

Volume: 51.41M

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