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IREN
Volume: 54.19K
IREN logo

IREN Stock Forecast & Price Target

IREN Analyst Ratings

Based on 12 analyst ratings
Buy
Strong Buy 58%
Buy 33%
Hold 8%
Sell 0%
Strong Sell 0%

Bulls say

IREN Ltd demonstrated substantial growth in its self-mining revenues, which reached $113.5 million, marking a 129% increase quarter-over-quarter due to higher average Bitcoin prices and production levels. The company also reported a significant jump in total F2Q revenues to $119.6 million, outperforming estimates and reflecting strong market performance. Furthermore, IREN’s gross profit margins improved to 74.8%, alongside a noteworthy increase in cash position, solidifying its financial stability and positioning for future growth in the renewable energy-powered data center market.

Bears say

The financial analysis reveals several concerning metrics for IREN Ltd, particularly a notable decline in AI cloud services revenues, which fell to $2.7 million from $3.2 million in the previous quarter, indicating potential challenges in revenue generation. Additionally, the strategic decision to reduce the year-end 2025 capacity outlook from 57 EH/s to 52 EH/s, coupled with a shift in focus from Bitcoin mining to AI data centers, raises questions about the company's long-term growth strategy and market demand. The termination of the relationship with Morgan Stanley further adds to uncertainty, suggesting possible weaknesses in the Sweetwater site and casting doubt on future demand forecasts amid bearish assumptions about Bitcoin prices and overall market conditions.

IREN has been analyzed by 12 analysts, with a consensus rating of Buy. 58% of analysts recommend a Strong Buy, 33% recommend Buy, 8% suggest Holding, 0% 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 12 analysts, IREN has a Buy consensus rating as of Jul 3, 2025. 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 $16.86, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $16.86, 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: 54.19K

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