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Iris Energy - IREN Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $19.50
  • Forecasted Upside: 65.11%
  • Number of Analysts: 12
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 9 Buy Ratings
  • 1 Strong Buy Ratings
$11.81 As of 12/20/2024 06:45 PM ET
▲ +0.4 (3.51%)

This chart shows the closing price for IREN by one month, three months, or twelve months.

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Analyst Price Target for IREN

Analyst Price Target is $19.50
▲ +65.11% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for Iris Energy in the last 3 months. The average price target is $19.50, with a high forecast of $33.00 and a low forecast of $14.00. The average price target represents a 65.11% upside from the last price of $11.81.

This chart shows the closing price for IREN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 12 contributing investment analysts is to moderate buy stock in Iris Energy. This rating changed within the last month from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 6 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 1 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 1 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 1 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 1 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/20/2024BTIG ResearchInitiated CoverageBuy$33.00
12/19/2024B. RileyBoost TargetBuy ➝ Buy$15.00 ➝ $16.00
12/10/2024JPMorgan Chase & Co.Reiterated RatingOverweight ➝ Neutral$9.50 ➝ $15.00
12/4/2024MacquarieBoost TargetOutperform ➝ Outperform$13.50 ➝ $19.00
11/27/2024Cantor FitzgeraldBoost TargetOverweight ➝ Overweight$20.00 ➝ $23.00
11/27/2024Canaccord Genuity GroupBoost TargetBuy ➝ Buy$15.00 ➝ $17.00
11/27/2024Needham & Company LLCReiterated RatingHold
11/27/2024HC WainwrightBoost TargetBuy ➝ Buy$13.00 ➝ $16.00
10/30/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$20.00 ➝ $20.00
10/3/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$20.00 ➝ $20.00
10/2/2024Roth MkmInitiated CoverageBuy$14.00
10/1/2024Roth CapitalUpgradeStrong-Buy
9/13/2024B. RileyLower TargetBuy ➝ Buy$17.00 ➝ $12.00
9/4/2024Needham & Company LLCInitiated CoverageHold
8/30/2024Compass PointLower TargetBuy ➝ Buy$18.50 ➝ $16.00
8/30/2024MacquarieBoost TargetOutperform ➝ Outperform$12.00 ➝ $13.50
8/29/2024Cantor FitzgeraldLower TargetOverweight ➝ Overweight$23.00 ➝ $20.00
8/29/2024Canaccord Genuity GroupReiterated RatingBuy ➝ Buy$15.00 ➝ $15.00
8/29/2024HC WainwrightLower TargetBuy ➝ Buy$15.00 ➝ $13.00
8/23/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$11.00 ➝ $9.50
7/24/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$23.00 ➝ $23.00
7/24/2024HC WainwrightReiterated RatingBuy ➝ Buy$15.00 ➝ $15.00
7/24/2024Canaccord Genuity GroupBoost TargetBuy ➝ Buy$12.00 ➝ $15.00
7/12/2024B. RileyLower TargetBuy ➝ Buy$18.00 ➝ $17.00
7/10/2024Sanford C. BernsteinInitiated CoverageOutperform$26.00
6/24/2024B. RileyBoost TargetBuy ➝ Buy$9.50 ➝ $18.00
6/12/2024Cantor FitzgeraldUpgradeStrong-Buy
6/11/2024Cantor FitzgeraldReiterated RatingOverweight$23.00
6/4/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$10.00 ➝ $11.00
5/16/2024HC WainwrightReiterated RatingBuy ➝ Buy$10.00
5/16/2024Canaccord Genuity GroupBoost TargetBuy ➝ Buy$9.00 ➝ $12.00
5/6/2024Canaccord Genuity GroupReiterated RatingBuy ➝ Buy$9.00 ➝ $9.00
4/2/2024HC WainwrightReiterated RatingBuy ➝ Buy$10.00
3/28/2024Canaccord Genuity GroupReiterated RatingBuy ➝ Buy$9.00
3/28/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$10.00
3/15/2024B. RileyLower TargetBuy ➝ Buy$10.00 ➝ $9.50
2/22/2024Canaccord Genuity GroupBoost TargetBuy ➝ Buy$8.00 ➝ $9.00
2/21/2024B. RileyBoost TargetBuy ➝ Buy$8.00 ➝ $10.00
12/8/2023JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$9.00 ➝ $9.50
12/4/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$10.00
11/22/2023HC WainwrightLower TargetBuy ➝ Buy$11.00 ➝ $10.00
10/11/2023JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$6.00 ➝ $6.50
10/10/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$10.00
9/25/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$10.00
9/25/2023B. RileyReiterated RatingBuy ➝ Buy$8.00
9/14/2023HC WainwrightBoost TargetBuy ➝ Buy$10.00 ➝ $11.00
9/14/2023Canaccord Genuity GroupReiterated RatingBuy ➝ Buy$8.00
9/5/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$10.00
8/28/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$10.00
8/14/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$7.00
7/20/2023Compass PointBoost Target$13.00 ➝ $24.00
5/12/2023Cantor FitzgeraldUpgradeNeutral ➝ Overweight$4.00 ➝ $7.00
4/25/2023B. RileyBoost Target$4.00 ➝ $5.00
4/14/2023Compass PointBoost TargetBuy$6.50 ➝ $11.00
4/6/2023B. RileyInitiated CoverageBuy$4.00
2/17/2023Canaccord Genuity GroupLower TargetBuy$14.00 ➝ $8.00
2/16/2023HC WainwrightUpgradeNeutral ➝ Buy$3.00 ➝ $8.00
11/22/2022HC WainwrightDowngradeBuy ➝ Neutral$7.00 ➝ $3.00
11/8/2022Cantor FitzgeraldDowngradeOverweight ➝ Neutral$7.00 ➝ $3.00
10/25/2022Compass PointBoost TargetBuy$6.50 ➝ $8.50
9/28/2022JPMorgan Chase & Co.Initiated CoverageOverweight ➝ Neutral
9/22/2022CowenDowngradeOutperform ➝ Market Perform$14.00 ➝ $4.30
9/22/2022CowenDowngradeOutperform ➝ Market Perform$14.00 ➝ $4.30
9/15/2022CitigroupLower TargetBuy$8.00 ➝ $6.00
9/15/2022Cantor FitzgeraldLower Target$22.00 ➝ $7.00
9/14/2022Compass PointUpgradeNeutral ➝ Buy$6.00 ➝ $6.50
8/30/2022HC WainwrightInitiated CoverageBuy$7.00
8/23/2022CitigroupLower TargetBuy$18.00 ➝ $8.00
6/28/2022Cantor FitzgeraldReiterated RatingOverweight$22.00
6/28/2022Compass PointLower Target$20.00 ➝ $5.00
5/12/2022Canaccord Genuity GroupLower TargetBuy ➝ Buy$25.00 ➝ $14.00
3/9/2022Cantor FitzgeraldLower Target$25.00 ➝ $22.00
3/8/2022Compass PointBoost TargetBuy ➝ Neutral$22.00 ➝ $27.00
2/18/2022Cantor FitzgeraldInitiated CoverageOverweight$25.00
1/14/2022Canaccord Genuity GroupLower Target$30.00 ➝ $25.00
1/4/2022CowenInitiated CoverageOutperform$31.00
12/14/2021CitigroupInitiated CoverageBuy
12/13/2021Compass PointInitiated CoverageBuy
12/13/2021MacquarieInitiated CoverageOutperform$31.00
12/13/2021JPMorgan Chase & Co.Initiated CoverageOverweight$30.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

0.52 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 11 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
5/24/2024
  • 10 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2024
  • 18 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2024
  • 18 very positive mentions
  • 32 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/22/2024
  • 31 very positive mentions
  • 30 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2024
  • 24 very positive mentions
  • 56 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2024
  • 18 very positive mentions
  • 91 positive mentions
  • 5 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2024
  • 33 very positive mentions
  • 74 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2024

Current Sentiment

  • 33 very positive mentions
  • 74 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Iris Energy logo
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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Today's Range

Now: $11.81
Low: $11.05
High: $12.12

50 Day Range

MA: $11.09
Low: $7.74
High: $15.39

52 Week Range

Now: $11.81
Low: $3.56
High: $15.92

Volume

14,204,444 shs

Average Volume

13,826,229 shs

Market Capitalization

$2.22 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

3.54

Frequently Asked Questions

What sell-side analysts currently cover shares of Iris Energy?

The following Wall Street analysts have issued research reports on Iris Energy in the last year: B. Riley, BTIG Research, Canaccord Genuity Group Inc., Cantor Fitzgerald, Compass Point, HC Wainwright, JPMorgan Chase & Co., Macquarie, Needham & Company LLC, Roth Capital, Roth Mkm, and Sanford C. Bernstein.
View the latest analyst ratings for IREN.

What is the current price target for Iris Energy?

0 Wall Street analysts have set twelve-month price targets for Iris Energy in the last year. Their average twelve-month price target is $19.50, suggesting a possible upside of 65.1%. BTIG Research has the highest price target set, predicting IREN will reach $33.00 in the next twelve months. Roth Mkm has the lowest price target set, forecasting a price of $14.00 for Iris Energy in the next year.
View the latest price targets for IREN.

What is the current consensus analyst rating for Iris Energy?

Iris Energy currently has 2 hold ratings, 9 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for IREN.

What other companies compete with Iris Energy?

Other companies that are similar to Iris Energy include UWM, Banco Santander-Chile, Woori Financial Group, Bancolombia and Upstart. Learn More about companies similar to Iris Energy.

How do I contact Iris Energy's investor relations team?

The company's listed phone number is 61-2-7906-8301 and its investor relations email address is [email protected]. The official website for Iris Energy is irisenergy.co. Learn More about contacing Iris Energy investor relations.