Iris Energy (IREN) Stock Forecast & Price Target

$10.67 +0.34 (+3.29%)

(As of 11/15/2024 ET)

Iris Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 11 Analyst Ratings

Sell
0

Hold
1

Buy
10

Based on 11 Wall Street analysts who have issued ratings for Iris Energy in the last 12 months, the stock has a consensus rating of "Buy." Out of the 11 analysts, 1 has given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for IREN.

Consensus Price Target

$15.44
44.75% Upside

According to the 11 analysts' twelve-month price targets for Iris Energy, the average price target is $15.44. The highest price target for IREN is $26.00, while the lowest price target for IREN is $9.50. The average price target represents a forecasted upside of 44.75% from the current price of $10.67.

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IREN Analyst Ratings Over Time

Type	Current Forecast 11/18/23 to 11/17/24	1 Month Ago 10/19/23 to 10/18/24	3 Months Ago 8/20/23 to 8/19/24	1 Year Ago 11/18/22 to 11/18/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$15.44	$15.44	$17.83	$11.25
Forecasted Upside	44.75% Upside	62.74% Upside	119.62% Upside	297.53% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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IREN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IREN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Iris Energy Stock vs. The Competition

Type	Iris Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	3.00	2.62	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	44.75% Upside	1,252.79% Upside	9.87% Upside
News Sentiment Rating	Neutral News See Recent IREN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/30/2024	Cantor Fitzgerald 3 of 5 stars	B. Knoblauch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$20.00 ➝ $20.00	+89.04%
10/2/2024	Roth Mkm 1 of 5 stars		Initiated Coverage	Buy	$14.00	+81.11%
10/1/2024	Roth Capital 3 of 5 stars	D. Aftahi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/13/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$17.00 ➝ $12.00	+62.38%
9/4/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Todaro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold
8/30/2024	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$18.50 ➝ $16.00	+98.27%
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8/30/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$12.00 ➝ $13.50	+64.03%
8/29/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$15.00 ➝ $15.00	+102.16%
8/29/2024	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$15.00 ➝ $13.00	+75.20%
8/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$11.00 ➝ $9.50	+17.28%
7/10/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Chhugani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$26.00	+102.81%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:47 AM ET.

IREN Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Iris Energy is $15.44, with a high forecast of $26.00 and a low forecast of $9.50.
: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iris Energy in the last year. There is currently 1 hold rating, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IREN shares.
: According to analysts, Iris Energy's stock has a predicted upside of 44.75% based on their 12-month stock forecasts.
: Over the previous 90 days, Iris Energy's stock had 1 upgrade by analysts.
: Iris Energy has been rated by research analysts at B. Riley, Canaccord Genuity Group, Cantor Fitzgerald, Compass Point, HC Wainwright, JPMorgan Chase & Co., Macquarie, Needham & Company LLC, Roth Capital, and Roth Mkm in the past 90 days.
: Analysts like Iris Energy more than other "oils/energy" companies. The consensus rating for Iris Energy is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how IREN compares to other companies.

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This page (NASDAQ:IREN) was last updated on 11/17/2024 by MarketBeat.com Staff

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Iris Energy (IREN) Stock Forecast & Price Target