IREN Limited (IREN)
NASDAQ: IREN · Real-Time Price · USD
11.81
+0.40 (3.46%)
At close: Dec 20, 2024, 4:00 PM
12.00
+0.19 (1.61%)
After-hours: Dec 20, 2024, 7:59 PM EST
IREN Limited Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for IREN Limited stock have an average target of 17.64, with a low estimate of 10 and a high estimate of 26. The average target predicts an increase of 49.36% from the current stock price of 11.81.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for IREN Limited stock from 12 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 5 | 5 | 6 |
| Buy | 4 | 5 | 5 | 5 | 5 | 4 |
| Hold | 0 | 0 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 9 | 10 | 11 | 11 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $15 → $16 | Strong Buy | Maintains | $15 → $16 | +35.48% | Dec 19, 2024 |
| Jones Trading | Jones Trading | Strong Buy Initiates $22 | Strong Buy | Initiates | $22 | +86.28% | Dec 12, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $9.5 → $15 | Buy → Hold | Downgrades | $9.5 → $15 | +27.01% | Dec 10, 2024 |
| Macquarie | Macquarie | Buy Maintains $14 → $19 | Buy | Maintains | $14 → $19 | +60.88% | Dec 4, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Maintains $20 → $23 | Buy | Maintains | $20 → $23 | +94.75% | Nov 27, 2024 |
Financial Forecast
Revenue This Year
540.04M
from 188.76M
Increased by 186.10%
Revenue Next Year
1.01B
from 540.04M
Increased by 87.02%
EPS This Year
0.20
from -0.29
EPS Next Year
1.47
from 0.20
Increased by 646.05%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 683.0M | 1.7B | 1.7B |
| Avg | 540.0M | 1.0B | 1.4B |
| Low | 434.5M | 532.2M | 1.1B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 261.9% | 212.2% | 66.7% |
| Avg | 186.1% | 87.0% | 40.0% |
| Low | 130.2% | -1.5% | 13.3% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 1.00 | 4.69 | 1.95 |
| Avg | 0.20 | 1.47 | 1.89 |
| Low | -0.20 | 0.61 | 1.82 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | - | 2,280.1% | 32.4% |
| Avg | - | 646.0% | 28.6% |
| Low | - | 208.1% | 23.6% |
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.