Analyst Price Targets — IREN
| Date | Analyst | Firm | Target | Price @ Post | Source | Headline |
|---|---|---|---|---|---|---|
| February 6, 2026 3:14 pm | Paul Golding | Macquarie | $70.00 | $43.81 | TheFly | Iren price target lowered to $70 from $95 at Macquarie |
| February 6, 2026 12:23 pm | — | Cantor Fitzgerald | $82.00 | $39.99 | TheFly | Iren price target lowered to $82 from $136 at Cantor Fitzgerald |
| January 13, 2026 3:41 pm | Mike Colonnese | H.C. Wainwright | $80.00 | $50.55 | TheFly | Iren upgraded to Buy from Sell at H.C. Wainwright |
| December 18, 2025 10:30 am | — | Goldman Sachs | $39.00 | $33.78 | TheFly | Iren initiated with a Neutral at Goldman Sachs |
| November 19, 2025 9:56 am | Greg Miller | JMP Securities | $80.00 | $48.85 | TheFly | Iren initiated with an Outperform at Citizens JMP |
| November 7, 2025 1:27 pm | — | Cantor Fitzgerald | $136.00 | $61.26 | TheFly | Iren price target lowered to $136 from $142 at Cantor Fitzgerald |
| November 7, 2025 12:37 pm | Michael Donovan | Compass Point | $105.00 | $60.73 | StreetInsider | IREN Ltd. (IREN) PT Raised to $105 at Compass Point |
| November 3, 2025 8:05 pm | — | Roth Capital | $94.00 | $67.75 | TheFly | Iren price target raised to $94 from $82 at Roth Capital |
| October 29, 2025 10:02 am | — | H.C. Wainwright | $45.00 | $62.42 | TheFly | Iren downgraded to Sell from Buy at H.C. Wainwright |
| October 14, 2025 11:40 am | — | Cantor Fitzgerald | $100.00 | $64.14 | TheFly | Iren price target raised to $100 from $49 at Cantor Fitzgerald |
Latest News for IREN
IREN is rapidly transforming from bitcoin mining to AI and HPC data center infrastructure, leveraging its energy assets for higher-margin growth. AI services revenue at IREN surged 137% quarter-over-quarter to $17.3 million, with gross margins of 86%, while bitcoin revenue and margins declined. IREN projects $3.4 billion in ARR for 2026, with $2.3 billion already under contract, anchored by a major Microsoft deal…
IREN Limited is transitioning from bitcoin mining to AI cloud computing, anchored by a $9.7B Microsoft contract. Despite strong long-term prospects and 4.5 GW in secured power capacity, near-term earnings are pressured by upfront capex and execution risk. At ~4x 2026 ARR, IREN trades cheaply versus peers, but current revenue and profitability metrics remain weak, making valuation a key risk.
Added 3,333,423 shares of IREN; estimated trade size $171.96 million (based on quarterly average price). IREN stake's quarter-end value rose by $124.65 million, reflecting both stock price movements and share additions.
Iren is executing a successful pivot from Bitcoin mining to AI Cloud services, targeting 140,000 GPUs deployed by year-end. Q2'26 results beat EPS estimates but missed on revenue, triggering a sell-off and creating an attractive entry point given the company's growth trajectory. IREN's $9.7B, 5-year Microsoft deal and phased Nvidia system deliveries underpin a projected 50% ARR increase to $3.4B by FY 2026.
Q2 revenue fell to $184.7M as Bitcoin declined, but $3.4B AI ARR target remains intact for 2026. Over 4.5GW secured power portfolio, yet only ~10% required to support $3.4B contracted ARR plan. $3.6B GPU financing plus customer prepayments cover ~95% of Microsoft-related CapEx obligations.
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