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Iris Energy (IREN) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

IREN Stock Forecast

Iris Energy (IREN) stock forecast, based on 10 Wall Street analysts, predicts a 12-month average price target of $20.00, with a high of $20.00 and a low of $20.00. This represents a 257.78% increase from the last price of $5.59.

- $4 $8 $12 $16 $20 High: $20 Avg: $20 Low: $20 Last Closed Price: $5.59

IREN Stock Rating

Iris Energy stock's rating consensus is Buy, based on 10 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 8 Buy (80.00%), 2 Hold (20.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 10 0 2 8 Strong Sell Sell Hold Buy Strong Buy

IREN Price Target Upside V Benchmarks

TypeNameUpside
StockIris Energy257.78%
SectorFinancial Services Stocks 14.91%
IndustryCapital Markets Stocks19.79%
IdeaCrypto Stocks List55.18%

Price Target Trends

1M3M12M
# Anlaysts-19
Avg Price Target-$20.00$15.94
Last Closing Price$5.59$5.59$5.59
Upside/Downside-257.78%185.15%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25381--12
Mar, 25282--12
Feb, 25282--12
Jan, 25282--12
Dec, 24382--13
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Mar 07, 2025Cantor Fitzgerald$20.00$7.70159.74%257.78%
Oct 02, 2024Darren AftahiRoth Capital$14.00$7.8877.66%150.45%
Sep 13, 2024Lucas PipesB.Riley Financial$12.00$7.3962.38%114.67%
Aug 30, 2024Paul GoldingMacquarie$13.50$8.5258.45%141.50%
Aug 30, 2024Joe FlynnCompass Point$16.00$8.5287.79%186.23%
Jul 24, 2024Joseph VafiCanaccord Genuity$15.00$10.8937.74%168.34%
Jun 24, 2024Lucas PipesB.Riley Financial$18.00$12.5343.66%222.00%
Jun 10, 2024Brett KnoblauchCantor Fitzgerald$23.00$10.31123.08%311.45%
May 16, 2024Joseph VafiCanaccord Genuity$12.00$5.20130.77%114.67%
Feb 16, 2023Mike ColonneseH.C. Wainwright$8.00$4.4081.82%43.11%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Feb 09, 2025Cantor FitzgeraldUnderperformOverweightinitialise
Dec 19, 2024B. RileyBuyBuyhold
Dec 18, 2024Compass PointBuyBuyhold
Oct 02, 2024Roth CapitalBuyinitialise
Sep 13, 2024H.C. WainwrightUnderperformUnderperformhold
Aug 30, 2024MacquarieOutperformOutperformhold
Aug 30, 2024Compass PointBuyBuyhold
Aug 23, 2024Cantor FitzgeraldUnderperformUnderperformhold
Jul 12, 2024Cantor FitzgeraldBuyBuyhold
Jul 09, 2024BernsteinOutperforminitialise

Financial Forecast

EPS Forecast

$-15 $-10 $-5 $0 $5 $10 Jun 22 Jun 23 Jun 24 Jun 25 Jun 26 Jun 27 Jun 28
Jun 22Jun 23Jun 24Jun 25Jun 26Jun 27Jun 28
Reported$-10.25------
Avg Forecast$0.82$-3.47-$0.25$1.37$1.50$4.58
High Forecast$1.01$-2.73-$1.00$1.76$1.98$5.47
Low Forecast$0.66$-4.14-$-0.62$1.03$1.01$3.60
Surprise %-1350.00%------

Revenue Forecast

$0 $500M $1B $2B $2B $3B Jun 22 Jun 23 Jun 24 Jun 25 Jun 26 Jun 27 Jun 28
Jun 22Jun 23Jun 24Jun 25Jun 26Jun 27Jun 28
Reported$59.04M$75.51M-----
Avg Forecast$58.19M$76.07M$189.63M$538.31M$988.35M$1.11B$2.07B
High Forecast$68.30M$82.62M$190.72M$553.16M$1.11B$1.27B$2.38B
Low Forecast$49.44M$71.12M$187.46M$530.00M$920.05M$924.66M$1.73B
Surprise %1.46%-0.73%-----

Net Income Forecast

$-450M $-250M $-50M $150M $350M $550M Jun 22 Jun 23 Jun 24 Jun 25 Jun 26 Jun 27 Jun 28
Jun 22Jun 23Jun 24Jun 25Jun 26Jun 27Jun 28
Reported$-419.77M$-171.87M-----
Avg Forecast$81.93M$-345.55M$185.98K$33.34M$138.84M$149.26M$456.22M
High Forecast$100.44M$-271.75M$224.24K$99.29M$174.92M$197.40M$544.68M
Low Forecast$65.92M$-412.56M$147.71K$-62.05M$102.75M$101.12M$358.78M
Surprise %-612.33%-50.26%-----

IREN Forecast FAQ

Is Iris Energy stock a buy?

Iris Energy stock has a consensus rating of Buy, based on 10 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 8 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Iris Energy is a favorable investment for most analysts.

What is Iris Energy's price target?

Iris Energy's price target, set by 10 Wall Street analysts, averages $20 over the next 12 months. The price target range spans from $20 at the low end to $20 at the high end, suggesting a potential 257.78% change from the previous closing price of $5.59.

How does Iris Energy stock forecast compare to its benchmarks?

Iris Energy's stock forecast shows a 257.78% upside, outperforming the average forecast for the financial services stocks sector (14.91%) and outperforming the capital markets stocks industry (19.79%), leading the crypto stocks list (55.18%) investment idea.

What is the breakdown of analyst ratings for Iris Energy over the past three months?

  • April 2025: 25.00% Strong Buy, 66.67% Buy, 8.33% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 16.67% Strong Buy, 66.67% Buy, 16.67% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 16.67% Strong Buy, 66.67% Buy, 16.67% Hold, 0% Sell, 0% Strong Sell.

What is Iris Energy’s EPS forecast?

Iris Energy's average annual EPS forecast for its fiscal year ending in June 2024 is $0, marking a 0% decrease from the reported $0 in 2023. Estimates for the following years are $0.25 in 2025, $1.37 in 2026, $1.5 in 2027, and $4.58 in 2028.

What is Iris Energy’s revenue forecast?

Iris Energy's average annual revenue forecast for its fiscal year ending in June 2024 is $189.63M, reflecting a 151.14% increase from the reported $75.51M in 2023. The forecast for 2025 is $538.31M, followed by $988.35M for 2026, $1.11B for 2027, and $2.07B for 2028.

What is Iris Energy’s net income forecast?

Iris Energy's net income forecast for the fiscal year ending in June 2024 stands at $185.98K, representing a -100.11% decrease from the reported $-172M in 2023. Projections indicate $33.34M in 2025, $138.84M in 2026, $149.26M in 2027, and $456.22M in 2028.