Iris Energy (IREN) Stock Forecast, Price Target & Predictions
IREN Stock Forecast
Iris Energy stock forecast is as follows: an average price target of $14.10 (represents a 2.69% upside from IREN’s last price of $13.73) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
IREN Price Target
The average price target for Iris Energy (IREN) is $14.10 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $16.00 to $12.00. This represents a potential 2.69% upside from IREN's last price of $13.73.
IREN Analyst Ratings
According to 9 Wall Street analysts, Iris Energy's rating consensus is 'Buy'. The analyst rating breakdown for IREN stock is 0 'Strong Buy' (0.00%), 7 'Buy' (77.78%), 2 'Hold' (22.22%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Iris Energy Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 02, 2024 | Darren Aftahi | Roth Capital | $14.00 | $7.88 | 77.66% | 1.97% |
| Sep 13, 2024 | Lucas Pipes | B.Riley Financial | $12.00 | $7.39 | 62.38% | -12.60% |
| Aug 30, 2024 | Paul Golding | Macquarie | $13.50 | $8.52 | 58.45% | -1.68% |
| Aug 30, 2024 | Joe Flynn | Compass Point | $16.00 | $8.52 | 87.79% | 16.53% |
| Jul 24, 2024 | Joseph Vafi | Canaccord Genuity | $15.00 | $10.89 | 37.74% | 9.25% |
| Jun 24, 2024 | Lucas Pipes | B.Riley Financial | $18.00 | $12.53 | 43.71% | 31.10% |
| Jun 10, 2024 | Brett Knoblauch | Cantor Fitzgerald | $23.00 | $10.31 | 123.08% | 67.52% |
| May 16, 2024 | Joseph Vafi | Canaccord Genuity | $12.00 | $5.20 | 130.77% | -12.60% |
| Feb 16, 2023 | Mike Colonnese | H.C. Wainwright | $8.00 | $4.40 | 81.82% | -41.73% |
| Nov 22, 2022 | H.C. Wainwright | $3.00 | $1.55 | 93.55% | -78.15% | |
| Sep 15, 2022 | Citigroup | $6.00 | $4.22 | 42.18% | -56.30% |
The latest Iris Energy stock forecast, released on Oct 02, 2024 by Darren Aftahi from Roth Capital, set a price target of $14.00, which represents a 77.66% increase from the stock price at the time of the forecast ($7.88), and a 1.97% increase from IREN last price ($13.73).
Iris Energy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 8 |
| Avg Price Target | - | $14.00 | $15.44 |
| Last Closing Price | $13.73 | $13.73 | $13.73 |
| Upside/Downside | -100.00% | 1.97% | 12.45% |
In the current month, the average price target of Iris Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Iris Energy's last price of $13.73. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 02, 2024 | Roth Capital | Buy | Initialise | |
| Sep 13, 2024 | H.C. Wainwright | Underperform | Underperform | Hold |
| Sep 13, 2024 | Macquarie | Buy | Buy | Hold |
| Aug 30, 2024 | Macquarie | Outperform | Outperform | Hold |
| Aug 30, 2024 | Compass Point | Buy | Buy | Hold |
| Aug 23, 2024 | J.P. Morgan | Buy | Buy | Hold |
| Aug 23, 2024 | Cantor Fitzgerald | Underperform | Underperform | Hold |
| Jul 12, 2024 | Cantor Fitzgerald | Buy | Buy | Hold |
| Jul 12, 2024 | Canaccord Genuity | Underperform | Underperform | Hold |
| Jul 09, 2024 | Bernstein | Outperform | Initialise | |
| Jun 24, 2024 | Cantor Fitzgerald | Underperform | Underperform | Hold |
| Jun 24, 2024 | B. Riley | Buy | Buy | Hold |
| Jun 04, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Mar 28, 2024 | Canaccord Genuity | Underperform | Underperform | Hold |
| Mar 28, 2024 | Cantor Fitzgerald | Buy | Buy | Hold |
| Feb 22, 2024 | Cantor Fitzgerald | Buy | Buy | Hold |
| Feb 22, 2024 | Canaccord Genuity | Underperform | Underperform | Hold |
| Oct 11, 2023 | Needham | Hold | Initialise | |
| Feb 17, 2023 | Canaccord Genuity | Buy | Buy | Hold |
| Feb 16, 2023 | H.C. Wainwright | Buy | Upgrade | |
| Sep 23, 2022 | Cowen & Co. | Market Perform | Downgrade | |
| Sep 15, 2022 | Citigroup | Buy | Buy | Hold |
| Sep 14, 2022 | Compass Point | Buy | Upgrade | |
| Feb 18, 2022 | Cantor Fitzgerald | Overweight | Initialise |
Iris Energy's last stock rating was published by Roth Capital on Oct 02, 2024. The company Initialise its IREN rating from "null" to "Buy".
Iris Energy Financial Forecast
Iris Energy Revenue Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.62M | - | $12.42M | $15.18M | $19.99M |
| Avg Forecast | $363.41M | $356.04M | $345.12M | $321.26M | $256.52M | $242.34M | $233.20M | $226.28M | $208.77M | $168.01M | $111.12M | $55.63M | $57.45M | $51.48M | $37.58M | $34.13M | $34.16M | $15.02M | $20.23M | $15.02M | $20.23M | $20.03M | $22.94M |
| High Forecast | $436.07M | $427.22M | $414.12M | $385.49M | $307.80M | $290.79M | $279.82M | $271.53M | $250.51M | $182.95M | $114.07M | $66.75M | $68.94M | $51.48M | $41.43M | $40.95M | $40.99M | $18.02M | $24.27M | $15.02M | $20.23M | $24.04M | $27.53M |
| Low Forecast | $320.27M | $313.77M | $304.15M | $283.12M | $226.06M | $213.57M | $205.51M | $199.42M | $183.98M | $158.44M | $107.98M | $49.02M | $50.63M | $51.48M | $30.50M | $30.08M | $30.10M | $13.24M | $17.83M | $15.02M | $20.23M | $16.02M | $18.35M |
| # Analysts | 3 | 3 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 6 | 6 | 3 | 2 | 2 | 3 | 1 | 4 | 6 | 2 | 2 | 2 | 7 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | - | 0.61% | 0.76% | 0.87% |
Iris Energy's average Quarter revenue forecast for Mar 23 based on 6 analysts is $15.02M, with a low forecast of $13.24M, and a high forecast of $18.02M. IREN's average Quarter revenue forecast represents a 74.29% increase compared to the company's last Quarter revenue of $8.62M (Dec 22).
Iris Energy EBITDA Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 6 | 6 | 3 | 2 | 2 | 3 | 1 | 4 | 6 | 2 | 2 | 2 | 7 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-26.74M | - | $-6.31M | $3.20M | $90.20M |
| Avg Forecast | $-250.16M | $-245.08M | $-237.56M | $-221.14M | $-176.57M | $-166.81M | $-160.52M | $-155.76M | $-143.71M | $-115.65M | $-76.49M | $-38.29M | $-39.55M | $-35.44M | $-25.87M | $-23.49M | $-23.51M | $-10.34M | $-13.92M | $-1.63M | $-2.19M | $-6.89M | $-2.49M |
| High Forecast | $-220.46M | $-215.98M | $-209.36M | $-194.89M | $-155.61M | $-147.01M | $-141.46M | $-137.27M | $-126.65M | $-109.06M | $-74.33M | $-33.74M | $-34.85M | $-35.44M | $-20.99M | $-20.70M | $-20.72M | $-9.11M | $-12.27M | $-1.63M | $-2.19M | $-5.51M | $-1.99M |
| Low Forecast | $-300.17M | $-294.08M | $-285.06M | $-265.35M | $-211.88M | $-200.17M | $-192.61M | $-186.90M | $-172.44M | $-125.93M | $-78.52M | $-45.95M | $-47.45M | $-35.44M | $-28.52M | $-28.19M | $-28.21M | $-12.41M | $-16.71M | $-1.63M | $-2.19M | $-8.27M | $-2.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.92% | - | 2.88% | -0.46% | -36.26% |
2 analysts predict IREN's average Quarter EBITDA for Jun 22 to be $-2.19M, with a high of $-2.19M and a low of $-2.19M. This is -168.50% lower than Iris Energy's previous annual EBITDA (Mar 22) of $3.20M.
Iris Energy Net Income Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 6 | 6 | 3 | 2 | 2 | 3 | 1 | 4 | 6 | 2 | 2 | 2 | 7 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-143.95M | - | $17.82M | $-2.68M | $71.60M |
| Avg Forecast | $57.51M | $67.55M | $66.40M | $55.02M | $64.18M | $62.60M | $59.30M | $62.23M | $44.79M | $29.15M | $-2.06M | $-14.23M | $5.06M | $6.85M | $-20.82M | $-2.40M | $-30.88M | $13.47M | $38.78M | $7.13M | $20.54M | $-7.58M | $632.72M |
| High Forecast | $72.45M | $85.11M | $83.66M | $69.32M | $80.87M | $78.87M | $74.71M | $78.41M | $56.43M | $51.01M | $-1.93M | $-12.03M | $6.38M | $6.86M | $-17.61M | $-2.03M | $-26.11M | $16.97M | $48.86M | $7.13M | $20.54M | $-6.06M | $759.26M |
| Low Forecast | $48.63M | $57.13M | $56.16M | $46.53M | $54.28M | $52.94M | $50.15M | $52.63M | $37.88M | $12.75M | $-2.18M | $-17.93M | $4.28M | $6.83M | $-26.23M | $-3.02M | $-38.91M | $11.39M | $32.80M | $7.13M | $20.54M | $-9.09M | $506.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.71% | - | 0.87% | 0.35% | 0.11% |
Iris Energy's average Quarter net income forecast for Sep 22 is $7.13M, with a range of $7.13M to $7.13M. IREN's average Quarter net income forecast represents a -59.96% decrease compared to the company's last Quarter net income of $17.82M (Jun 22).
Iris Energy SG&A Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 6 | 6 | 3 | 2 | 2 | 3 | 1 | 4 | 6 | 2 | 2 | 2 | 7 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $10.55M | - | $11.23M | $7.84M | $9.83M |
| Avg Forecast | $176.17M | $172.59M | $167.30M | $155.73M | $124.35M | $117.48M | $113.05M | $109.69M | $101.20M | $81.44M | $53.87M | $26.97M | $27.85M | $24.96M | $18.22M | $16.54M | $16.56M | $7.28M | $9.81M | $6.95M | $9.36M | $9.27M | $10.61M |
| High Forecast | $211.39M | $207.10M | $200.75M | $186.87M | $149.21M | $140.96M | $135.65M | $131.63M | $121.44M | $88.69M | $55.29M | $32.36M | $33.42M | $24.96M | $20.08M | $19.85M | $19.87M | $8.74M | $11.77M | $6.95M | $9.36M | $11.12M | $12.73M |
| Low Forecast | $155.25M | $152.10M | $147.44M | $137.25M | $109.59M | $103.53M | $99.62M | $96.67M | $89.19M | $76.81M | $52.34M | $23.76M | $24.54M | $24.96M | $14.79M | $14.58M | $14.59M | $6.42M | $8.64M | $6.95M | $9.36M | $7.41M | $8.49M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | - | 1.20% | 0.85% | 0.93% |
Iris Energy's average Quarter SG&A projection for Mar 23 is $7.28M, based on 6 Wall Street analysts, with a range of $6.42M to $8.74M. The forecast indicates a -31.00% fall compared to IREN last annual SG&A of $10.55M (Dec 22).
Iris Energy EPS Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 6 | 6 | 3 | 2 | 2 | 3 | 1 | 4 | 6 | 2 | 2 | 2 | 7 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-2.71 | - | $0.34 | $-0.05 | $1.94 |
| Avg Forecast | $0.30 | $0.36 | $0.35 | $0.29 | $0.34 | $0.33 | $0.31 | $0.33 | $0.24 | $0.15 | $-0.01 | $-0.08 | $0.03 | $0.04 | $-0.11 | $-0.01 | $-0.16 | $0.07 | $0.20 | $0.07 | $0.20 | $1.43 | $1.89 |
| High Forecast | $0.38 | $0.45 | $0.44 | $0.37 | $0.43 | $0.42 | $0.39 | $0.41 | $0.30 | $0.27 | $-0.01 | $-0.06 | $0.03 | $0.04 | $-0.09 | $-0.01 | $-0.14 | $0.09 | $0.26 | $0.07 | $0.20 | $1.43 | $1.89 |
| Low Forecast | $0.26 | $0.30 | $0.30 | $0.25 | $0.29 | $0.28 | $0.26 | $0.28 | $0.20 | $0.07 | $-0.01 | $-0.09 | $0.02 | $0.04 | $-0.14 | $-0.02 | $-0.21 | $0.06 | $0.17 | $0.07 | $0.20 | $1.43 | $1.89 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -13.23% | - | 1.66% | -0.04% | 1.03% |
According to 2 Wall Street analysts, Iris Energy's projected average Quarter EPS for Sep 22 is $0.07, with a low estimate of $0.07 and a high estimate of $0.07. This represents a -79.07% decrease compared to IREN previous annual EPS of $0.34 (Jun 22).