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NASDAQ: IREN
Iris Energy Ltd Stock Forecast, Predictions & Price Target

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Analyst price target for IREN

Based on 9 analysts offering 12 month price targets for Iris Energy Ltd.
Min Forecast
$4.30+13.76%
Avg Forecast
$17.20+355.03%
Max Forecast
$31.00+720.11%

Should I buy or sell IREN stock?

Based on 9 analysts offering ratings for Iris Energy Ltd.
Strong Buy
Strong Buy
6 analysts 66.67%
Buy
2 analysts 22.22%
Hold
1 analysts 11.11%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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IREN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Cowen & Co.
Bottom 9%
9
HoldDowngrades$4.30+13.76%2022-09-23
Citigroup
Bottom 16%
16
Strong BuyMaintains$6.00+58.73%2022-09-15
Compass Point
Bottom 4%
4
Strong BuyUpgrades$6.50+71.96%2022-09-14
HC Wainwright & Co.
Bottom 14%
14
BuyInitiates Coverage On$7.00+85.19%2022-08-30
Cantor Fitzgerald
Bottom 2%
2
Strong BuyAssumes$22.00+482.01%2022-06-28
Citigroup
Bottom 7%
7
Strong BuyInitiates Coverage On$18.00+376.19%2021-12-14
Macquarie
Bottom 6%
6
BuyInitiates Coverage On$31.00+720.11%2021-12-13
Canaccord Genuity
Top 15%
86
Strong BuyInitiates Coverage On$30.00+693.65%2021-12-13
JP Morgan
Bottom 27%
27
Strong BuyInitiates Coverage On$30.00+693.65%2021-12-13

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Forecast return on equity

Is IREN forecast to generate an efficient return?
Company
83.17%
Industry
24.54%
Market
109.89%
IREN's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is IREN forecast to generate an efficient return on assets?
Company
63.76%
Industry
4.88%
IREN is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

IREN earnings per share forecast

What is IREN's earnings per share in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$1.34
Avg 2 year Forecast
$4.47

IREN revenue forecast

What is IREN's revenue in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$391.9M+855.78%
Avg 2 year Forecast
$692.1M+1,587.84%
IREN's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

IREN revenue growth forecast

How is IREN forecast to perform vs Capital Markets companies and vs the US market?
Company
316.5%
Industry
4.8%
Market
8.28%
IREN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
IREN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

IREN vs Capital Market Stocks

TickerPricePrice TargetUp/downsideConsensus
IREN$3.78$17.20+355.03%Strong Buy
BITF$1.05$7.00+566.67%Buy
AMTD$1.19N/AN/AStrong Buy
CIFR$1.22N/AN/A
SRL$7.54N/AN/A
View Top Capital Market Stocks

Iris Energy Stock Forecast FAQ

Is Iris Energy Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NASDAQ: IREN) stock is to Strong Buy IREN stock.

Out of 9 analysts, 6 (66.67%) are recommending IREN as a Strong Buy, 2 (22.22%) are recommending IREN as a Buy, 1 (11.11%) are recommending IREN as a Hold, 0 (0%) are recommending IREN as a Sell, and 0 (0%) are recommending IREN as a Strong Sell.

If you're new to stock investing, here's how to buy Iris Energy stock.

What is IREN's earnings growth forecast for 2023-2024?

(NASDAQ: IREN) Iris Energy's forecast annual earnings growth rate of N/A is not forecast to beat the US Capital Markets industry's average forecast earnings growth rate of 9.04%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.69%.

Iris Energy's earnings in 2022 is -$283,628,378.On average, 1 Wall Street analyst forecast IREN's earnings for 2023 to be $73,677,107, with the lowest IREN earnings forecast at $73,677,107, and the highest IREN earnings forecast at $73,677,107.

In 2024, IREN is forecast to generate $245,773,635 in earnings, with the lowest earnings forecast at $245,773,635 and the highest earnings forecast at $245,773,635.

What is IREN's revenue growth forecast for 2023-2024?

(NASDAQ: IREN) Iris Energy's forecast annual revenue growth rate of 316.5% is forecast to beat the US Capital Markets industry's average forecast revenue growth rate of 4.8%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.28%.

Iris Energy's revenue in 2022 is $39,897,972.On average, 1 Wall Street analysts forecast IREN's revenue for 2023 to be $21,549,454,268, with the lowest IREN revenue forecast at $21,549,454,268, and the highest IREN revenue forecast at $21,549,454,268.

In 2024, IREN is forecast to generate $38,054,775,822 in revenue, with the lowest revenue forecast at $38,054,775,822 and the highest revenue forecast at $38,054,775,822.

What is IREN's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: IREN) forecast ROA is 63.76%, which is higher than the forecast US Capital Markets industry average of 4.88%.

What is IREN's Price Target?

According to 9 Wall Street analysts that have issued a 1 year IREN price target, the average IREN price target is $17.20, with the highest IREN stock price forecast at $31.00 and the lowest IREN stock price forecast at $4.30.

On average, Wall Street analysts predict that Iris Energy's share price could reach $17.20 by Sep 23, 2023. The average Iris Energy stock price prediction forecasts a potential upside of 355.03% from the current IREN share price of $3.78.

What is IREN's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: IREN) Iris Energy's current Earnings Per Share (EPS) is -$692.77. On average, analysts forecast that IREN's EPS will be $1.34 for 2023, with the lowest EPS forecast at $1.34, and the highest EPS forecast at $1.34. In 2024, IREN's EPS is forecast to hit $4.47 (min: $4.47, max: $4.47).

What is IREN's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: IREN) forecast ROE is 83.17%, which is considered strong.
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