Stock Price & Analysis

IREN stock is currently undervalued with strong growth potential due to its recent 600MW grid connection agreement and fully contracted 2.75GW capacity, making it a buy. Analysts have upgraded their outlook, with a mean price target of $20.55, indicating significant upside.

IREN stock is predicted to reach $8.34 by 2025, driven by its strong position in scalable data center infrastructure and recent grid connection agreements. The stock shows potential to rise to $9.17 due to expanding AI capabilities and positive analyst upgrades.

The S1 support level for IREN Stock is $6.6 ,The R1 resistant level for IREN Stock is $8.02.

As of the end of day on 2025-03-19, the price of IREN Stock was $7.26.

The target price for IREN Stock according to analyst rating is 23.33, with the highest price target at 26.00 and the lowest at 21.00. Analysts have a Strong Buy rating on IREN Stock overall.

The market cap of IREN is $1.5B.

IREN appears to be overvalued based on several key metrics and recent performance. Here's a concise analysis:

1. High Valuation Metrics: IREN's P/E ratio of 15.68 and EV/EBITDA of 48.03 in Q4 2024 are significantly higher than industry averages, suggesting the stock might be overpriced.

2. Inconsistent Net Income: The company reported a net loss of $27.066 million in Q4 2024, which raises concerns about profitability despite positive income in Q2 2025.

3. Market Volatility: The stock's recent 10.34% drop during regular trading on March 18, 2025, indicates investor uncertainty and potential overvaluation.

4. Analyst Sentiment: While some analysts have upgraded IREN, citing strong mining operations, others maintain a cautious stance, leading to mixed signals.

5. Industry Risks: The decline in bitcoin production and price in February 2025 poses risks to IREN's revenue, given its reliance on mining operations.

In conclusion, IREN's high valuation metrics, profitability inconsistencies, and market volatility suggest it may be overvalued. Investors should exercise caution and consider the risks associated with the cryptocurrency market.

Iris Energy Limited is an Australia-based sustainable Bitcoin mining company that supports the decarbonization of energy markets and the global Bitcoin network. It owns and operates Bitcoin mining data centers powered by 100% renewable energy. The Company exchanges all the Bitcoin it mines for fiat currency on the Kraken exchange or via its over-the-counter trading desk on a daily basis. The Company's data center mining facilities are located in Canal Flats, Mackenzie, Prince George and Childress. Canal Flats is in the Canadian Rockies, approximately 100 kilometers (km) from Cranbrook regional airport and 500 km east of Vancouver. Mackenzie is historically a major lumber town with a regional airport located approximately 670 km north of Vancouver and 170 km north of Prince George. Prince George is located approximately 500 km north of Vancouver. Childress is located in Childress County, Texas approximately 250 miles northwest of Dallas.

IREN stock is predicted to reach $25 by 2030, driven by its strong position in scalable data center infrastructure and recent strategic agreements. The stock is currently undervalued, with a mean analyst price target of $20.55, indicating significant upside potential. IREN's 2.75GW fully contracted capacity in West Texas further solidifies its competitive position and reduces development risks.

IREN has a total of 100 employees.