Iris Energy Limited (IREN)
NASDAQ: IREN · IEX Real-Time Price · USD
6.18
-0.45 (-6.79%)
At close: Feb 23, 2024, 4:00 PM
6.09
-0.09 (-1.46%)
After-hours: Feb 23, 2024, 7:59 PM EST

Iris Energy Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Iris Energy stock have an average target of 9.92, with a low estimate of 9.00 and a high estimate of 11. The average target predicts an increase of 60.52% from the current stock price of 6.18.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $9.00 $9.92 $10 $11
Change +45.63% +60.52% +61.81% +77.99%

Analyst Ratings

The average analyst rating for Iris Energy stock from 6 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 Sep '23Oct '23Nov '23Dec '23Jan '24Feb '24
Strong Buy 444444
Buy 122222
Hold 000000
Sell 000000
Strong Sell 000000
Total 566666

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Canaccord Genuity
Canaccord Genuity
Strong Buy
Maintains
$8$9
Strong Buy Maintains $8$9 +45.63% Feb 22, 2024
B. Riley Securities
B. Riley Securities
Strong Buy
Maintains
$8$10
Strong Buy Maintains $8$10 +61.81% Feb 21, 2024
JP Morgan
JP Morgan
Buy
Maintains
$9$9.5
Buy Maintains $9$9.5 +53.72% Dec 8, 2023
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$10
Buy Reiterates $10 +61.81% Dec 4, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Maintains
$11$10
Strong Buy Maintains $11$10 +61.81% Nov 22, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
177.18M
from 78.65M
Increased by 125.29%
Revenue Next Year
280.73M
from 177.18M
Increased by 58.44%
EPS This Year
-0.11
from -313.77
EPS Next Year
0.34
from -0.11
Year 2020202120222023202420252026
Revenue
2.19M8.49M59.05M78.65M177.18M280.73M284.07M
Revenue Growth
-287.58%595.68%33.19%125.29%58.44%1.19%
EPS
-13.29-292.74-1,025.30-313.77-0.110.340.19
EPS Growth
-------44.75%
No. Analysts ----973
Financial currency is AUD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 205.9M 343.7M 292.4M
Avg 177.2M 280.7M 284.1M
Low 143.3M 205.8M 272.9M

Revenue Growth

Revenue Growth 202420252026
High
161.8%
94.0%
4.2%
Avg
125.3%
58.4%
1.2%
Low
82.2%
16.2%
-2.8%

EPS Forecast

EPS 202420252026
High 0.45 1.12 0.19
Avg -0.11 0.34 0.19
Low -0.42 -0.39 0.18

EPS Growth

EPS Growth 202420252026
High - -
-43.1%
Avg - -
-44.8%
Low - -
-46.9%
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.