Iris Energy Limited (IREN)
NASDAQ: IREN · IEX Real-Time Price · USD
11.30
+1.07 (10.46%)
At close: Jul 19, 2024, 4:00 PM
11.37
+0.07 (0.62%)
Pre-market: Jul 22, 2024, 7:23 AM EDT
Iris Energy Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Iris Energy stock have an average target of 15.57, with a low estimate of 10 and a high estimate of 26. The average target predicts an increase of 37.79% from the current stock price of 11.30.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Iris Energy stock from 7 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 3 | 4 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 5 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $18 → $17 | Strong Buy | Maintains | $18 → $17 | +50.44% | Jul 12, 2024 |
| Bernstein | Bernstein | Buy Initiates $26 | Buy | Initiates | $26 | +130.09% | Jul 10, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $9.5 → $18 | Strong Buy | Maintains | $9.5 → $18 | +59.29% | Jun 24, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $23 | Buy | Initiates | $23 | +103.54% | Jun 11, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $10 → $11 | Buy | Maintains | $10 → $11 | -2.65% | Jun 4, 2024 |
Financial Forecast
Revenue This Year
196.05M
from 78.65M
Increased by 149.28%
Revenue Next Year
564.72M
from 196.05M
Increased by 188.05%
EPS This Year
-0.14
from -313.77
EPS Next Year
1.03
from -0.14
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 217.4M | 789.1M | 1.2B |
| Avg | 196.1M | 564.7M | 945.7M |
| Low | 181.1M | 294.7M | 700.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 176.4% | 302.5% | 111.8% |
| Avg | 149.3% | 188.0% | 67.5% |
| Low | 130.3% | 50.3% | 24.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.07 | 1.94 | 2.74 |
| Avg | -0.14 | 1.03 | 2.05 |
| Low | -0.20 | 0.55 | 1.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 165.3% |
| Avg | - | - | 99.0% |
| Low | - | - | 34.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.