Iris Energy Limited (IREN)
NASDAQ: IREN · Real-Time Price · USD
9.57
-0.54 (-5.30%)
Nov 21, 2024, 10:44 AM EST - Market open
Iris Energy Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Iris Energy stock have an average target of 14.9, with a low estimate of 9.50 and a high estimate of 26. The average target predicts an increase of 55.78% from the current stock price of 9.57.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Iris Energy stock from 11 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 4 | 4 | 5 | 5 |
| Buy | 3 | 4 | 5 | 5 | 5 | 5 |
| Hold | 0 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 9 | 10 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $20 | Buy | Reiterates | $20 | +109.10% | Oct 30, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $20 | Buy | Reiterates | $20 | +109.10% | Oct 3, 2024 |
| Roth MKM | Roth MKM | Strong Buy Initiates $14 | Strong Buy | Initiates | $14 | +46.37% | Oct 2, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $17 → $12 | Strong Buy | Maintains | $17 → $12 | +25.46% | Sep 13, 2024 |
| Needham | Needham | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Sep 4, 2024 |
Financial Forecast
Revenue This Year
469.24M
from 188.76M
Increased by 148.59%
Revenue Next Year
650.92M
from 469.24M
Increased by 38.72%
EPS This Year
0.44
from -0.29
EPS Next Year
0.35
from 0.44
Decreased by -21.78%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 573.4M | 878.1M | 1.4B |
| Avg | 469.2M | 650.9M | 929.7M |
| Low | 377.1M | 453.9M | 699.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 203.8% | 87.1% | 107.4% |
| Avg | 148.6% | 38.7% | 42.8% |
| Low | 99.8% | -3.3% | 7.5% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 1.55 | 0.99 | 1.16 |
| Avg | 0.44 | 0.35 | 0.43 |
| Low | -0.20 | -0.16 | -0.31 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | - | 123.4% | 234.2% |
| Avg | - | -21.8% | 23.0% |
| Low | - | - | - |
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.