Iris Energy Limited (IREN)
NASDAQ: IREN · IEX Real-Time Price · USD
9.54
+0.11 (1.17%)
At close: Jul 26, 2024, 4:00 PM
9.55
+0.01 (0.12%)
After-hours: Jul 26, 2024, 7:59 PM EDT
Iris Energy Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Iris Energy stock have an average target of 16.71, with a low estimate of 10 and a high estimate of 26. The average target predicts an increase of 75.16% from the current stock price of 9.54.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Iris Energy stock from 7 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
---|---|---|---|---|---|---|
Strong Buy | 4 | 4 | 4 | 3 | 3 | 3 |
Buy | 2 | 2 | 2 | 2 | 3 | 4 |
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 | 5 | 6 | 7 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $12 → $15 | Strong Buy | Maintains | $12 → $15 | +57.23% | Jul 24, 2024 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $15 | Strong Buy | Reiterates | $15 | +57.23% | Jul 24, 2024 |
B. Riley Securities | B. Riley Securities | Strong Buy Maintains $18 → $17 | Strong Buy | Maintains | $18 → $17 | +78.20% | Jul 12, 2024 |
Bernstein | Bernstein | Buy Initiates $26 | Buy | Initiates | $26 | +172.54% | Jul 10, 2024 |
B. Riley Securities | B. Riley Securities | Strong Buy Maintains $9.5 → $18 | Strong Buy | Maintains | $9.5 → $18 | +88.68% | Jun 24, 2024 |
Financial Forecast
Revenue This Year
196.05M
from 78.65M
Increased by 149.28%
Revenue Next Year
564.72M
from 196.05M
Increased by 188.05%
EPS This Year
-0.14
from -313.77
EPS Next Year
1.03
from -0.14
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 217.4M | 789.1M | 1.2B |
Avg | 196.1M | 564.7M | 945.7M |
Low | 181.1M | 294.7M | 700.7M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 176.4% | 302.5% | 111.8% |
Avg | 149.3% | 188.0% | 67.5% |
Low | 130.3% | 50.3% | 24.1% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | -0.07 | 1.94 | 2.74 |
Avg | -0.14 | 1.03 | 2.05 |
Low | -0.20 | 0.55 | 1.39 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | - | - | 165.3% |
Avg | - | - | 99.0% |
Low | - | - | 34.9% |
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.