IREN

IREN Ltd

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Advanced Chart

17.970

-0.48(-2.602%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

19.840

Open

19.070

VWAP

18.62

Vol

18.19M

Mkt Cap

4.03B

Low

17.940

Amount

338.56M

EV/EBITDA(TTM)

32.70

Total Shares

146.58M

4.27B

EV/OCF(TTM)

P/S(TTM)

9.64

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

187.51M

+226.46%

239.62M

+340.56%

242.33M

+102.64%

Estimates Revision

The market is revising Upward the revenue expectations for IREN Limited (IREN) for FY2025, with the revenue forecasts being adjusted by 14.94% over the past three months. During the same period, the stock price has changed by 139.28%.

Revenue Estimates for FY2025

Revise Upward

+14.94%

In Past 3 Month

Stock Price

Go Up

+139.28%

In Past 3 Month

8 Analyst Rating

19.25% Upside

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 21.43 USD with a low forecast of 16.00 USD and a high forecast of 26.00 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.

6 Buy

2 Hold

0 Sell

Strong Buy

19.25% Upside

Current: 17.970

Low

16.00

Averages

21.43

High

26.00

19.25% Upside

Current: 17.970

Low

16.00

Averages

21.43

High

26.00

JPMorgan

Overweight -> Neutral

downgrade

$12 -> $16

2025-07-28

Reason

JPMorgan

Price Target

$12 -> $16

2025-07-28

downgrade

Overweight -> Neutral

Reason

JPMorgan downgraded IREN to Neutral from Overweight with a price target of $16, up from $12. The firm cites valuation for the downgrade, saying the shares have outperformed bitcoin after rallying 80% year-to-date. IREN's valuation seems "a little stretched" and likely needs a high performance computing or further bitcoin rally for additional upside, the analyst tells investors in a research note.

B. Riley

Nick Giles

maintain

$15 -> $22

2025-07-10

Reason

B. Riley

Nick Giles

Price Target

$15 -> $22

2025-07-10

maintain

Reason

B. Riley analyst Nick Giles raised the firm's price target on IREN to $22 from $15 and keeps a Buy rating on the shares. The firm updated estimates in the high performance computing space to reflect Q2 actuals.

B. Riley

NULL -> Buy

upgrade

$14 -> $15

2025-05-15

Reason

B. Riley

Price Target

$14 -> $15

2025-05-15

upgrade

NULL -> Buy

Reason

B. Riley raised the firm's price target on IREN to $15 from $14 and keeps a Buy rating on the shares. The company reported solid fiscal Q3 results, the analyst tells investors in a research note.

JP Morgan

Reginald Smith

Hold

Buy

Upgrades

$15 → $12

2025-03-13

Reason

JP Morgan

Reginald Smith

Price Target

$15 → $12

2025-03-13

Upgrades

Hold

Buy

Reason

JPMorgan analyst Reginald Smith upgraded IREN to Overweight from Neutral with a price target of $12, down from $15. The firm updated bitcoin miner price targets and models to reflect the Q4 results and changes in bitcoin price and the network hash rate. JPMorgan names IREN its top pick citing the company's "strong" mining operations and high performance computing "optionality." The shares have "been overly punished" year-to-date, and offers 70% upside at current levels, which could prove conservative if IREN announces an HPC deal with a name-brand tenant, the analyst tells investors in a research note.

Cantor Fitzgerald

Brett Knoblauch

Buy

Reiterates

$23

2025-02-13

Reason

Cantor Fitzgerald

Brett Knoblauch

Price Target

$23

2025-02-13

Reiterates

Buy

Reason

Needham

John Todaro

Hold

Reiterates

n/a

2025-02-13

Reason

Needham

John Todaro

Price Target

n/a

2025-02-13

Reiterates

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for IREN Ltd (IREN.O) is 15.82, compared to its 5-year average forward P/E of 30.49. 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

30.49

Current PE

15.82

Overvalued PE

186.03

Undervalued PE

-125.04

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

14.85

Current EV/EBITDA

8.23

Overvalued EV/EBITDA

46.30

Undervalued EV/EBITDA

-16.60

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.

N/A

5Y Average PS

3.33

Current PS

4.94

Overvalued PS

6.67

Undervalued PS

-0.02