IREN LTD (IREN) Forecast, Price Target & Analyst Ratings

NASDAQ:IREN • AU0000185993

Current stock price

31.62 USD
-3.47 (-9.89%)
At close:
32.34 USD
+0.72 (+2.28%)
Pre-Market:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for IREN LTD (IREN).

Forecast Snapshot

Consensus Price Target

Price Target
$76.89
+ 143.17% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 12, 2026
Period
Q3 / 2026
EPS Estimate
-$0.17
Revenue Estimate
228.28M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
80.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$76.89
Upside
+ 143.17%
From current price of $31.62 to mean target of $76.89, Based on 22 analyst forecasts
Low
$24.24
Median
$81.60
High
$131.25

Price Target Revisions

1 Month
0.80%
3 Months
-2.20%

Price Target Summary

22 Wall Street analysts provided a forecast for the next 12 months for IREN. The average price target is 76.89 USD. This implies a price increase of 143.17% is expected in the next year compared to the current price of 31.62.
The average price target has been revised downward by 2.2% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

IREN Current Analyst RatingIREN Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

IREN Historical Analyst RatingsIREN Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
80.00%
IREN was analyzed by 22 analysts. The buy percentage consensus is at 80. So analysts seem to be have mildly positive about IREN.
In the previous month the buy percentage consensus was at a similar level.
IREN was analyzed by 22 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-02-10Canaccord GenuityMaintains Buy -> Buy
2026-02-06MacquarieMaintains Outperform -> Outperform
2026-02-06Cantor FitzgeraldMaintains Overweight -> Overweight
2026-01-13HC Wainwright & Co.Upgrade Sell -> Buy
2025-12-18Goldman SachsInitiate Neutral
2025-11-24JP MorganMaintains Underweight -> Underweight
2025-11-19CitizensInitiate Market Outperform
2025-11-10Canaccord GenuityMaintains Buy -> Buy
2025-11-07Cantor FitzgeraldMaintains Overweight -> Overweight
2025-11-07HC Wainwright & Co.Maintains Sell -> Sell
2025-11-03Cantor FitzgeraldMaintains Overweight -> Overweight
2025-10-29HC Wainwright & Co.Downgrade Buy -> Sell
2025-10-22MacquarieMaintains Outperform -> Outperform
2025-10-14Cantor FitzgeraldMaintains Overweight -> Overweight
2025-10-14BTIGMaintains Buy -> Buy
2025-09-29MacquarieMaintains Outperform -> Outperform
2025-09-26JP MorganDowngrade Neutral -> Underweight
2025-09-24Arete ResearchInitiate Buy
2025-09-23Roth CapitalMaintains Buy -> Buy
2025-09-16Canaccord GenuityMaintains Buy -> Buy
2025-09-09BTIGMaintains Buy -> Buy
2025-09-02Jones TradingDowngrade Buy -> Hold
2025-08-29MacquarieMaintains Outperform -> Outperform
2025-08-29Cantor FitzgeraldMaintains Overweight -> Overweight
2025-08-29B. Riley SecuritiesMaintains Buy -> Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 12, 2026
Period
Q3 / 2026
EPS Estimate
-$0.17
Revenue Estimate
228.28M
Revenue Q2Q
54.14%
EPS Q2Q
-258.93%
Number of Analysts
15

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
-1.08%
EPS (1 Month)
-12.89%
EPS (3 Months)
-172.61%

Next Earnings Summary

IREN is expected to report earnings on 5/12/2026. The consensus EPS estimate for the next earnings is -0.17 USD and the consensus revenue estimate is 228.28M USD.
The next earnings revenue estimate has been revised downward by 1.08% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2032

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Revenue
YoY % growth
IREN revenue by date.IREN revenue by date.
75.509M
27.90%		187.192M
147.91%		501.023M
167.65%		1.043B
108.17%		2.885B
176.61%		4.644B
60.97%		2.383B
-48.69%		4.364B
83.13%		7.387B
69.27%		9.91B
34.15%
EBITDA
YoY % growth
IREN ebitda by date.IREN ebitda by date.
N/A
-108.49%		N/A
2,356.33%		N/A
254.56%		512.9M
97.31%		2.21B
330.88%		2.751B
24.48%		1.645B
-40.20%		3.3B
100.61%		5.917B
79.30%		8.153B
37.79%
EBIT
YoY % growth
IREN ebit by date.IREN ebit by date.
-45.441M
-2,257.69%		-27.277M
39.97%		26.514M
197.20%		-201.626M
-860.45%		438.59M
317.53%		437.82M
-0.18%		708.9M
61.92%		1.308B
84.51%		2.227B
70.26%		3.406B
52.94%
Operating Margin
IREN operating margin by date.IREN operating margin by date.
-60.18%-14.57%5.29%-19.33%15.20%9.43%29.75%29.97%30.15%34.37%
EPS
YoY % growth
IREN eps by date.IREN eps by date.
-1.16
-733.99%		-0.34
70.62%		0.64
287.72%		0.50
-21.87%		-0.55
-209.41%		-0.05
90.52%		N/AN/AN/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		-0.17
-258.93%		-0.21
-132.56%		-0.24
-121.94%		-0.31
-104.68%		0.27
253.91%		0.35
263.00%		0.84
452.52%		0.85
377.91%		1.00
271.49%		1.00
185.53%
Revenue
Q2Q % growth		228.28M
54.14%		325.72M
73.90%		526.29M
119.02%		735.91M
298.45%		900.08M
294.29%		984.57M
202.27%		1.33B
152.71%		1.463B
98.80%		1.561B
73.43%		1.643B
66.87%
EBITDA
Q2Q % growth		111.95M
17.50%		187.2M
72.22%		365.63M
146.76%		543.72M
451.96%		689.59M
515.98%		756.92M
304.34%		866.1M
136.88%		914.37M
68.17%		1.001B
45.16%		1.047B
38.32%
EBIT
Q2Q % growth		-41.232M
-247.78%		-26.742M
-716.31%		-69.108M
-14.92%		-105.904M
-25.10%		123.09M
398.53%		194.55M
827.52%		260.18M
476.48%		265.71M
350.90%		280.12M
127.57%		276.41M
42.08%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

IREN Yearly Revenue VS EstimatesIREN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B
IREN Yearly EPS VS EstimatesIREN Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 0 -1 -2 -3

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
-27.67%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
107.85%
Revenue Next 5 Year
53.20%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
256.75%
EBIT Next 5 Year
122.45%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

IREN LTD / IREN Forecast FAQ

What is the price target for IREN stock?

22 analysts have analysed IREN and the average price target is 76.89 USD. This implies a price increase of 143.17% is expected in the next year compared to the current price of 31.62.

When does IREN LTD (IREN) report earnings?

IREN LTD (IREN) will report earnings on 2026-05-12, after the market close.

What are the consensus estimates for IREN LTD (IREN) next earnings?

The consensus EPS estimate for the next earnings of IREN LTD (IREN) is -0.17 USD and the consensus revenue estimate is 228.28M USD.

Can you provide the expected long term growth rate for IREN LTD stock?

The expected long term growth rate for IREN LTD (IREN) is 107.85%.