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

OverviewForecast
EarningsDividendOwnership

Analyst price target for IREN

Based on 5 analysts offering 12 month price targets for Iris Energy Ltd.
Min Forecast
$9.00+71.43%
Avg Forecast
$9.60+82.86%
Max Forecast
$10.00+90.48%

Should I buy or sell IREN stock?

Based on 5 analysts offering ratings for Iris Energy Ltd.
Strong Buy
Strong Buy
4 analysts 80%
Buy
1 analysts 20%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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IREN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-02
lockedlocked$00.00+00.00%2024-04-01
lockedlocked$00.00+00.00%2024-03-28
lockedlocked$00.00+00.00%2024-03-15
lockedlocked$00.00+00.00%2023-12-08

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Forecast return on equity

Is IREN forecast to generate an efficient return?
Company
N/A
Industry
2.53%
Market
19.57%

Forecast return on assets

Is IREN forecast to generate an efficient return on assets?
Company
N/A
Industry
0.18%

IREN revenue forecast

What is IREN's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$200.4M+134.46%
Avg 2 year Forecast
$458.0M+435.77%
Avg 3 year Forecast
$486.5M+469.19%
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
114.3%
Industry
9.77%
Market
9.23%
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$5.25$9.60+82.86%Strong Buy
OPY$39.01N/AN/A
APLD$2.98$10.00+235.57%Strong Buy
TIGR$3.35$6.22+85.67%Strong Buy
HIVE$3.07$4.75+54.72%Buy
View Top Capital Market Stocks

Iris Energy Stock Forecast FAQ

Is Iris Energy Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NASDAQ: IREN) stock is to Strong Buy IREN stock.

Out of 5 analysts, 4 (80%) are recommending IREN as a Strong Buy, 1 (20%) are recommending IREN as a Buy, 0 (0%) 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 revenue growth forecast for 2024-2026?

(NASDAQ: IREN) Iris Energy's forecast annual revenue growth rate of 114.3% is forecast to beat the US Capital Markets industry's average forecast revenue growth rate of 9.77%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.23%.

Iris Energy's revenue in 2024 is $82,124,183.On average, 3 Wall Street analysts forecast IREN's revenue for 2024 to be $16,517,601,811, with the lowest IREN revenue forecast at $14,703,558,520, and the highest IREN revenue forecast at $17,623,665,462. On average, 2 Wall Street analysts forecast IREN's revenue for 2025 to be $37,744,216,043, with the lowest IREN revenue forecast at $34,616,001,000, and the highest IREN revenue forecast at $40,872,431,086.

In 2026, IREN is forecast to generate $40,098,516,206 in revenue, with the lowest revenue forecast at $35,563,820,075 and the highest revenue forecast at $44,633,212,337.

What is IREN's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: IREN) forecast ROA is N/A, which is lower than the forecast US Capital Markets industry average of 0.18%.

What is IREN's Price Target?

According to 5 Wall Street analysts that have issued a 1 year IREN price target, the average IREN price target is $9.60, with the highest IREN stock price forecast at $10.00 and the lowest IREN stock price forecast at $9.00.

On average, Wall Street analysts predict that Iris Energy's share price could reach $9.60 by Apr 2, 2025. The average Iris Energy stock price prediction forecasts a potential upside of 82.86% from the current IREN share price of $5.25.

What is IREN's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: IREN) forecast ROE is N/A, which is considered weak.
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