Iris Energy (IREN) Stock Forecast & Price Target

$7.73

+0.17 (+2.25%)

(As of 09/16/2024 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

Moderate Buy
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Iris Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a hold rating, and 8 have given a buy rating for IREN.

Consensus Price Target

$15.63
102.13% Upside

High Forecast	$26.00
Average Forecast	$15.63
Low Forecast	$9.50

According to the 9 analysts' twelve-month price targets for Iris Energy, the average price target is $15.63. 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 102.13% from the current price of $7.73.

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
Consensus Rating	Moderate Buy	Buy	Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)
Hold	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$15.63	$17.83	$14.92	$9.51
Forecasted Upside	102.13% Upside	65.07% Upside	126.18% Upside	113.60% Upside

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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	2.89	2.60	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	111.72% Upside	202.70% Upside	8.62% Upside
News Sentiment Rating	Positive 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
9/13/2024	B. Riley 4 of 5 stars		Lower Target	Buy ➝ Buy	$17.00 ➝ $12.00	+62.38%
9/4/2024	Needham & Company LLC 2 of 5 stars	J. Todaro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold
8/30/2024	Compass Point 5 of 5 stars		Lower Target	Buy ➝ Buy	$18.50 ➝ $16.00	+98.27%
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	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Knoblauch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$23.00 ➝ $20.00	+128.31%
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%
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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%
9/22/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$14.00 ➝ $4.30	+6.44%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:31 PM ET.

IREN Forecast - Frequently Asked Questions

What is Iris Energy's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Iris Energy is $15.63, with a high forecast of $26.00 and a low forecast of $9.50.
Should I buy or sell Iris Energy stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Iris Energy in the last year. There is currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" IREN shares.
Does Iris Energy's stock price have much upside?: According to analysts, Iris Energy's stock has a predicted upside of 83.26% based on their 12-month stock forecasts.
What analysts cover Iris Energy?: 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, and Sanford C. Bernstein in the past 90 days.
Do Wall Street analysts like Iris Energy more than its competitors?: Analysts like Iris Energy more than other "oils/energy" companies. The consensus rating score for Iris Energy is 2.89 while the average consensus rating score for "oils/energy" companies is 2.59. Learn more on how IREN compares to other companies.