IREN Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2026Q2

FY2026Q3

229.64M

+92.03%

0.142

-152.55%

285.84M

+93.01%

-0.081

-190.49%

394.38M

+108.78%

-0.018

-116.09%

Estimates Revision

The market is revising Downward the revenue expectations for IREN Limited (IREN) for FY2026, with the revenue forecasts being adjusted by -0.18% over the past three months. During the same period, the stock price has changed by -26.65%.

Revenue Estimates for FY2026

Revise Downward

-0.18%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+31.91%

In Past 3 Month

Stock Price

Go Down

-26.65%

In Past 3 Month

13 Analyst Rating

Wall Street analysts forecast IREN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IREN is 83.45 USD with a low forecast of 28.00 USD and a high forecast of 136.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Buy

2 Hold

2 Sell

Moderate Buy

Current: 0.000

Low

28.00

Averages

83.45

High

136.00

Current: 0.000

Low

28.00

Averages

83.45

High

136.00

Goldman Sachs

Neutral

initiated

$39

2025-12-18

Reason

Goldman Sachs

Price Target

$39

2025-12-18

initiated

Neutral

Reason

Goldman Sachs initiated coverage of Iren with a Neutral rating and $39 price target. The firm says Iren is an artificial intelligence cloud that is in "hyper growth," scaling from $501M revenue in fiscal 2025 to $3.8B in 2028. However, the stock's valuation is "relatively full," the analyst tells investors in a research note. Goldman believes Iren should deliver outsized growth over the next several years as the Microsoft deal scales, but it views the company's growth beyond that as more uncertain.

JPMorgan

Underweight

maintain

$28 -> $39

2025-11-24

Reason

JPMorgan

Price Target

$28 -> $39

2025-11-24

maintain

Underweight

Reason

JPMorgan raised the firm's price target on Iren to $39 from $28 and keeps an Underweight rating on the shares. The "flurry of deal activity" in high performance compute gives JPMorgan higher conviction in the bitcoin miners. It cites richer integrated cloud valuation assumptions for the target boost.

Citizens JMP

Greg Miller

initiated

$80

2025-11-19

Reason

Citizens JMP

Greg Miller

Price Target

$80

2025-11-19

initiated

Reason

Citizens JMP analyst Greg Miller initiated coverage of Iren with an Outperform rating and $80 price target. The firm launched coverage of five companies previously in bitcoin mining, saying they provide "critically-scarce" power supply for high performance compute and artificial intelligence. The deployment of graphics processing unit clusters represents an opportunity to "unlock significant value," the analyst tells investors in a research note. Citizens sees strong pricing trends with a continued supply/demand imbalance for the group.

Cantor Fitzgerald

Overweight

downgrade

$142 -> $136

2025-11-07

Reason

Cantor Fitzgerald

Price Target

$142 -> $136

2025-11-07

downgrade

Overweight

Reason

Cantor Fitzgerald lowered the firm's price target on Iren (IREN) to $136 from $142 and keeps an Overweight rating on the shares. The centerpiece of Iren's earnings was its newly announced five-year, $9.7B deal with Microsoft (MSFT) for 200 MW of IT load at its Childress, Texas site, positioning the company as one of the world's largest emerging neocloud providers, the analyst tells investors in a research note. With significant remaining capacity and heightened credibility from the Microsoft partnership, additional large-scale deals appear likely in the near-term, Cantor says.

H.C. Wainwright

Sell

maintain

$45 -> $56

2025-11-07

Reason

H.C. Wainwright

Price Target

$45 -> $56

2025-11-07

maintain

Sell

Reason

H.C. Wainwright raised the firm's price target on Iren to $56 from $45 and keeps a Sell rating on the shares. The company reported "underwhelming" earnings for fiscal Q1 and raised its "lofty" artificial intelligence cloud revenue guidance for 2026. H.C. Wainwright sees "quite high" execution and financing risks for Iren. It sees "significant risks" to the company meeting its 2026 revenue outlook.

Cantor Fitzgerald

Overweight

maintain

$100 -> $142

2025-11-03

Reason

Cantor Fitzgerald

Price Target

$100 -> $142

2025-11-03

maintain

Overweight

Reason

Cantor Fitzgerald raised the firm's price target on Iren (IREN) to $142 from $100 and keeps an Overweight rating on the shares. Iren has entered into a five-year $9.7B cloud deal with Microsoft (MSFT), the analyst tells investors in a research note. The firm previously suggested Iren could announce something before Horizon 1 is energized, the analyst notes.

Valuation Metrics

The current forward P/E ratio for IREN Ltd (IREN.O) is 252.96, compared to its 5-year average forward P/E of -60.16. For a more detailed relative valuation and DCF analysis to assess IREN Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-60.16

Current PE

252.96

Overvalued PE

574.21

Undervalued PE

-694.54

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

14.88

Current EV/EBITDA

15.23

Overvalued EV/EBITDA

44.78

Undervalued EV/EBITDA

-15.02

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

3.87

Current PS

9.21

Overvalued PS

7.53

Undervalued PS

0.21

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

IREN News & Events

Events Timeline

No data

News

7.5

13:06 PMFool

Iren Signs $9.7 Billion Data Center Deal with Microsoft

7.5

03:06 AMFool

Iren Secures $9.7 Billion Microsoft Deal, Targeting $20 Billion Annual Revenue Potential

7.5

03:04 AMNASDAQ.COM

Iren Secures $9.7 Billion Microsoft Deal, Targeting $20 Billion Annual Revenue Potential

People Also Watch

Frequently Asked Questions

What is IREN Ltd (IREN) stock price today?

The current price of IREN is 45.24 USD — it has decreased -1.46 % in the last trading day.

What is IREN Ltd (IREN)'s business?

IREN Limited is an Australia-based company, which owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200 Mega Watt of operating data centers.

What is the price predicton of IREN Stock?

What is IREN Ltd (IREN)'s revenue for the last quarter?

IREN Ltd revenue for the last quarter amounts to 240.30M USD, increased 355.41 % YoY.

What is IREN Ltd (IREN)'s earnings per share (EPS) for the last quarter?

IREN Ltd. EPS for the last quarter amounts to 1.06 USD, decreased -492.59 % YoY.

What changes have occurred in the market's expectations for IREN Ltd (IREN)'s fundamentals?

How many employees does IREN Ltd (IREN). have?

IREN Ltd (IREN) has 257 emplpoyees as of January 07 2026.

What is IREN Ltd (IREN) market cap?

Today IREN has the market capitalization of 15.10B USD.

IREN

Overview

Forecast

Valuation

Earnings

IREN

Overview

Forecast

Valuation

Earnings

Market Estimates

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Trading Trends

IREN News & Events

Events Timeline

No data

News

People Also Watch

Frequently Asked Questions

What is IREN Ltd (IREN) stock price today?

What is IREN Ltd (IREN)'s business?

What is the price predicton of IREN Stock?

What is IREN Ltd (IREN)'s revenue for the last quarter?

What is IREN Ltd (IREN)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for IREN Ltd (IREN)'s fundamentals?

How many employees does IREN Ltd (IREN). have?

What is IREN Ltd (IREN) market cap?