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Iren Limited (IREN)
:IREN
IREN Analyst Ratings
Moderate Buy
8 Buy
3 Hold
1 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
IREN Stock 12 Month Forecast
Average Price Target
$47.30
▲(2.98% Upside)
| Highest Price Target$82.00 | Average Price Target$47.30 | Lowest Price Target$24.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
Compass Point
$23→$50
Buy
8.86%
Upside
Reiterated
09/29/25
J.P. Morgan
$16→$24
Sell
-47.75%
Downside
Downgraded
09/26/25
Bernstein
$20→$75
Buy
63.29%
Upside
Reiterated
09/24/25
IREN's Strategic AI Cloud Expansion and Growth Potential Earns Buy RatingWe were early to the AI pivot of Bitcoin miners, however, we underestimated IREN’s capability to build its own AI cloud business primarily due to a. high capex intensity and GPU leverage required; b. unproven AI data center execution capabilities and c. competition with AI neocloud leaders (e.g CoreWeave) which have established hyperscaler and NVIDIA relationships. While we still don’t have all the answers, we believe, IREN has made adequate progress for us to take the AI cloud business seriously, and build an investment case for re-rating. IREN is guiding for an exponential scale up in its AI cloud business to a $500mn ARR (Q1’26 - 23.3K GPUs - mostly Blackwell) vs. ~$14mn ARR (Q1’25 - all Hopper). In this note, we deep-dive on its AI cloud business and update our IREN investment case. We move our PT to $75 (maintaining Outperform). IREN stock is up ~300% YTD.
Roth MKM
$35→$82
Buy
78.53%
Upside
Reiterated
09/23/25
Canaccord Genuity
$37→$42
Buy
-8.56%
Downside
Reiterated
09/15/25
BTIG
$22→$32
Buy
-30.33%
Downside
Reiterated
09/09/25
TR | OpenAI - 4o
$32→$28
Hold
-39.04%
Downside
Reiterated
09/08/25
AI Generated ArticleAI Generated Article
JonesTrading
―
Hold
―
Downgraded
09/02/25
H.C. Wainwright
$21→$36
Buy
-21.62%
Downside
Reiterated
08/29/25
Needham
―
Hold
―
Reiterated
08/29/25
Iris Energy (IREN) Receives a Rating Update from a Top AnalystWe increased our 2026 Revenue and Adj. EBITDA estimates as we ramp our Cloud Services materially higher, but we lowered EBIT as depreciation steps up on the GPUs. With 3GW in data center capacity, we believe IREN could become a material operator for AI Cloud Service workloads. We get the sense IREN sees more value in Cloud than HPC co-lo, and it appears likely the company will push more into Cloud while HPC co-lo remains a "call option." Q4'25FY Revs: $187m vs $188m (Needham); $189m (Street) Q4'25 Adj.
B. Riley Securities
$22→$29
Buy
-36.86%
Downside
Reiterated
08/29/25
Cantor Fitzgerald
$23→$20
Buy
-56.46%
Downside
Reiterated
03/06/25
Macquarie
$13.5→$19
Buy
-58.63%
Downside
Reiterated
12/03/24
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Compass Point
$23→$50
Buy
8.86%
Upside
Reiterated
09/29/25
J.P. Morgan
$16→$24
Sell
-47.75%
Downside
Downgraded
09/26/25
Bernstein
$20→$75
Buy
63.29%
Upside
Reiterated
09/24/25
IREN's Strategic AI Cloud Expansion and Growth Potential Earns Buy RatingWe were early to the AI pivot of Bitcoin miners, however, we underestimated IREN’s capability to build its own AI cloud business primarily due to a. high capex intensity and GPU leverage required; b. unproven AI data center execution capabilities and c. competition with AI neocloud leaders (e.g CoreWeave) which have established hyperscaler and NVIDIA relationships. While we still don’t have all the answers, we believe, IREN has made adequate progress for us to take the AI cloud business seriously, and build an investment case for re-rating. IREN is guiding for an exponential scale up in its AI cloud business to a $500mn ARR (Q1’26 - 23.3K GPUs - mostly Blackwell) vs. ~$14mn ARR (Q1’25 - all Hopper). In this note, we deep-dive on its AI cloud business and update our IREN investment case. We move our PT to $75 (maintaining Outperform). IREN stock is up ~300% YTD.
Roth MKM
$35→$82
Buy
78.53%
Upside
Reiterated
09/23/25
Canaccord Genuity
$37→$42
Buy
-8.56%
Downside
Reiterated
09/15/25
BTIG
$22→$32
Buy
-30.33%
Downside
Reiterated
09/09/25
TR | OpenAI - 4o
$32→$28
Hold
-39.04%
Downside
Reiterated
09/08/25
AI Generated ArticleAI Generated Article
JonesTrading
―
Hold
―
Downgraded
09/02/25
H.C. Wainwright
$21→$36
Buy
-21.62%
Downside
Reiterated
08/29/25
Needham
―
Hold
―
Reiterated
08/29/25
Iris Energy (IREN) Receives a Rating Update from a Top AnalystWe increased our 2026 Revenue and Adj. EBITDA estimates as we ramp our Cloud Services materially higher, but we lowered EBIT as depreciation steps up on the GPUs. With 3GW in data center capacity, we believe IREN could become a material operator for AI Cloud Service workloads. We get the sense IREN sees more value in Cloud than HPC co-lo, and it appears likely the company will push more into Cloud while HPC co-lo remains a "call option." Q4'25FY Revs: $187m vs $188m (Needham); $189m (Street) Q4'25 Adj.
B. Riley Securities
$22→$29
Buy
-36.86%
Downside
Reiterated
08/29/25
Cantor Fitzgerald
$23→$20
Buy
-56.46%
Downside
Reiterated
03/06/25
Macquarie
$13.5→$19
Buy
-58.63%
Downside
Reiterated
12/03/24
Best Analysts Covering IREN
1 Month
xxx
Success Rate
7/10 ratings generated profit
Average Return
+13.10%
reiterated a xxx
rating 8 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 70.00% of your transactions generating a profit, with an average return of +13.10% per trade.
3 Months
xxx
Success Rate
6/8 ratings generated profit
Average Return
+63.58%
reiterated a xxx
rating 7 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 75.00% of your transactions generating a profit, with an average return of +63.58% per trade.
1 Year
Success Rate
10/10 ratings generated profit
Average Return
+273.44%
reiterated a buy rating 8 days ago
Copying Darren Aftahi's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +273.44% per trade.
2 Years
xxx
Success Rate
10/10 ratings generated profit
Average Return
+273.44%
reiterated a xxx
rating 8 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +273.44% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
IREN Analyst Recommendation Trends
Rating
May 25
Jun 25
Jul 25
Aug 25
Sep 25
Strong Buy
9
9
9
4
4
Buy
0
1
9
17
20
Hold
4
8
14
13
12
Sell
0
0
0
0
1
Strong Sell
0
0
0
0
0
total
13
18
32
34
37
Each month's total comprises the sum of three months' worth of ratings.
IREN Financial Forecast
IREN Stock Forecast FAQ
What is IREN’s average 12-month price target, according to analysts?
Based on analyst ratings, Iren Limited’s 12-month average price target is 47.30.
What is IREN’s upside potential, based on the analysts’ average price target?
Iren Limited has 2.98% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is IREN a Buy, Sell or Hold?
Iren Limited has a consensus rating of Moderate Buy which is based on 8 buy ratings, 3 hold ratings and 1 sell ratings.
What is Iren Limited’s price target?
The average price target for Iren Limited is 47.30. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $82.00 ,the lowest forecast is $24.00. The average price target represents 2.98% Increase from the current price of $45.93.
The highest analyst price target is $82.00 ,the lowest forecast is $24.00. The average price target represents 2.98% Increase from the current price of $45.93.
What do analysts say about Iren Limited?
Iren Limited’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 12 Wall Streets Analysts.
How can I buy shares of IREN?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.