IREN Limited Stock Forecast

Stock Price Forecast

According to 16 analysts polled by S&P Global, IREN Limited stock has a consensus rating of "Buy" and an average price target of $80.93. The average 1-year stock price forecast is 42.31% higher than the current stock price, while the lowest is $41 (-27.91%) and the highest is $126 (+121.56%).

Price Target: $80.93 (+42.31%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$41	$80.93	$80	$126
Change	-27.91%	+42.31%	+40.67%	+121.56%

Analyst Ratings

The average analyst rating for IREN Limited stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	10	10	10	10	9	10
Buy	1	1	1	1	1	1
Hold	2	2	2	3	3	3
Sell	1	1	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	14	14	15	16	15	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jonathan Petersen Jefferies	Jefferies	Buy Initiates $79	Buy	Initiates	$79	+38.91%	Jun 18, 2026
John Todaro Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Jun 11, 2026
Gautam Chhugani Bernstein	Bernstein	Buy Maintains $100	Buy	Maintains	$100	+75.84%	Jun 8, 2026
Nick Giles B. Riley Securities	B. Riley Securities	Buy Maintains $88 → $96	Buy	Maintains	$88 → $96	+68.81%	Jun 4, 2026
Joseph Vafi Canaccord Genuity	Canaccord Genuity	Buy Reiterates $70 → $79	Buy	Reiterates	$70 → $79	+38.91%	Jun 3, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

742.75M

from 501.02M

48.25%

from 501.02M

Revenue Next Year

3.05B

from 742.75M

310.84%

from 742.75M

EPS This Year

-2.02

from 0.35

EPS Next Year

-0.94

from -2.02

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Jun 30, 2021	Jun 30, 2022	Jun 30, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026
Revenue	7.90M	59.04M	75.51M	187.19M	501.02M	742.75M
Revenue Growth	263.29%	647.49%	27.90%	147.91%	167.65%	48.25%
Gross Profit	5.68M	51.59M	36.09M	100.13M	342.03M	505.81M
Gross Margin	71.88%	87.38%	47.80%	53.49%	68.27%	68.10%
Operating Income	-480.00K	462.00K	-40.47M	-19.20M	20.57M	-558.08M
Net Income	-60.39M	-419.77M	-171.83M	-28.92M	86.94M	-223.24M
EPS	-	-	-	-	0.35	-2.02
Free Cash Flow	9.17M	-414.20M	-90.64M	-435.45M	-1.12B	-2.38B
No. Analysts	-	-	-	-	-	15

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	918.0M
Avg	742.7M
Low	678.6M

Revenue Growth

Revenue Growth	2026	2027	2028
High	83.2%
Avg	48.2%
Low	35.4%

EPS Forecast

EPS	2026	2027	2028
High	-0.91
Avg	-2.02
Low	-3.12

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-