Update shared on14 Sep 2025
Fair value Increased 2.85%Analysts have raised IREN’s price target from $28.73 to $29.55, citing aggressive AI cloud expansion, strong execution, and rapid revenue growth potential, though some caution that the sharp stock rally and transition risks may challenge margin sustainability.
Analyst Commentary
- Bullish analysts cite IREN’s aggressive expansion into artificial intelligence cloud services, highlighted by recent procurement of over 11,000 Nvidia GPUs and the achievement of Nvidia preferred partner status, as key drivers for substantial revenue growth projections (>150% YoY in 2026).
- Proven execution in both crypto mining and high-performance compute positioned IREN to flexibly allocate 3GW+ power capacity, enhancing adaptability to shifting demand and maximizing return on investment across AI Cloud and compute co-location markets.
- Record Q4 financial results and strong near-term outlook for AI cloud segment underpin multiple upward price target revisions, reinforcing investor enthusiasm for IREN as a leading growth story in the sector.
- Bearish analysts express caution due to the stock’s sharp rally (400% off April lows, 170% YTD), highlighting concerns about the sustainability of supply-side advantages and the risk that client demand may be transitory in the rapidly evolving AI market.
- Skepticism remains regarding IREN’s shift from capex-intensive bitcoin mining to equally capital-intensive AI cloud operations, suggesting that margin pressure and execution risk are ongoing considerations.
What's in the News
- Anthony Lewis appointed Chief Financial Officer, succeeding Belinda Nucifora; previously served as Chief Capital Officer and held senior roles at Macquarie Group.
- July 2025 operating results: average hashrate of 45.4 EH/s and 728 Bitcoin mined.
- June 2025 operating results: 620 Bitcoin mined.
Valuation Changes
Summary of Valuation Changes for IREN
- The Consensus Analyst Price Target has risen slightly from $28.73 to $29.55.
- The Future P/E for IREN has significantly risen from 11.78x to 15.30x.
- The Net Profit Margin for IREN has significantly fallen from 66.57% to 52.68%.
Disclaimer
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