Iris Energy Limited (IREN)
NASDAQ: IREN · IEX Real-Time Price · USD
4.680
+0.180 (4.00%)
At close: Apr 18, 2024, 4:00 PM
4.820
+0.140 (2.99%)
After-hours: Apr 18, 2024, 7:59 PM EDT
Iris Energy Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Iris Energy stock have an average target of 9.60, with a low estimate of 9.00 and a high estimate of 10. The average target predicts an increase of 105.13% from the current stock price of 4.68.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Iris Energy stock from 5 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| 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 | 6 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $10 | Strong Buy | Maintains | $10 | +113.68% | Apr 2, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $10 | Buy | Reiterates | $10 | +113.68% | Apr 1, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Reiterates $9 | Strong Buy | Reiterates | $9 | +92.31% | Mar 28, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $10 | Buy | Reiterates | $10 | +113.68% | Mar 28, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $10 → $9.5 | Strong Buy | Maintains | $10 → $9.5 | +102.99% | Mar 15, 2024 |
Financial Forecast
Revenue This Year
186.96M
from 78.65M
Increased by 137.72%
Revenue Next Year
372.10M
from 186.96M
Increased by 99.03%
EPS This Year
-0.07
from -313.77
EPS Next Year
0.71
from -0.07
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 219.5M | 537.6M | 718.1M |
| Avg | 187.0M | 372.1M | 461.2M |
| Low | 145.8M | 208.9M | 236.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 179.0% | 187.5% | 93.0% |
| Avg | 137.7% | 99.0% | 23.9% |
| Low | 85.4% | 11.8% | -36.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.35 | 1.60 | 1.46 |
| Avg | -0.07 | 0.71 | 0.84 |
| Low | -0.34 | -0.06 | 0.45 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 104.8% |
| Avg | - | - | 17.3% |
| Low | - | - | -36.9% |
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.