IREN trades 75.3% below Wall Street's consensus target of $85.10.
Last 12 months price action with 12-month analyst target path
The base valuation assumes IREN achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 15 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 23, 2026, IREN Limited (IREN) has a Wall Street consensus price target of $85.10, based on estimates from 15 covering analysts. With the stock currently trading at $48.55, this represents a potential upside of +75.3%. The company has a market capitalization of $17.33B.
Analyst price targets range from a low of $50.00 to a high of $100.00, representing a 59% spread in expectations. The median target of $87.50 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, IREN trades at a trailing P/E of 124.5x. Analysts expect EPS to grow +56.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $26.58, with bear and bull scenarios of $16.74 and $35.02 respectively. Model confidence stands at 48/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 RIOTRiot Platforms, Inc. | $9.4B | $24.93 | $31.64 | +26.9% | Buy | — | 19 |
 MARAMarathon Digital Holdings, Inc. | $5.2B | $13.63 | $13.25 | -2.8% | Buy | — | 20 |
 CLSKCleanSpark, Inc. | $3.9B | $15.14 | $22.00 | +45.3% | Buy | — | 11 |
 CIFRCipher Mining Inc. | $7.8B | $19.09 | $31.89 | +67.1% | Buy | — | 14 |
 HUTHut 8 Corp. | $12.0B | $106.61 | $168.00 | +57.6% | Buy | — | 16 |
 BTBTBit Digital, Inc. | $651M | $1.86 | $3.50 | +88.2% | Buy | — | 2 |
 CORZCore Scientific, Inc. | $6.0B | $18.79 | $34.73 | +84.8% | Buy | — | 22 |
 BTDRBitdeer Technologies Group | $3.1B | $13.10 | $19.60 | +49.6% | Buy | — | 11 |
 WULFTeraWulf Inc. | $8.6B | $17.33 | $37.73 | +117.7% | Buy | — | 14 |
 NVDANVIDIA Corporation | $5.5T | $228.87 | $345.21 | +50.8% | Buy | 24.7x | 79 |
Quick answers to the most common questions about buying IREN stock.
The consensus Wall Street price target for IREN is $85.1, representing 75.3% upside from the current price of $48.55. With 15 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
IREN has a consensus rating of "Buy" based on 15 Wall Street analysts. The rating breakdown is predominantly bullish, with 12 Buy/Strong Buy ratings. The consensus 12-month price target of $85.1 implies 75.3% upside from current levels.
IREN's current price is $48.55 with a consensus target of $85.1 (75.3% implied move). Analyst estimates suggest the stock is undervalued at current levels.
The most bullish Wall Street analyst has a price target of $100 for IREN, while the most conservative target is $50. The consensus of $85.1 represents the median expectation. Our quantitative valuation model projects a bull case target of $35 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
IREN is well covered by analysts, with 15 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 3 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month IREN stock forecast based on 15 Wall Street analysts shows a consensus price target of $85.1, with estimates ranging from $50 (bear case) to $100 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $27, with bear/bull scenarios of $17/$35.
Our quantitative valuation model calculates IREN's fair value at $27 (base case), with a bear case of $17 and bull case of $35. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 48/100.
Wall Street analysts are very optimistic on IREN, with a "Buy" consensus rating and $85.1 price target (75.3% upside). 12 of 15 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
IREN analyst price targets range from $50 to $100, a 59% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $85.1 consensus represents the middle ground. Our model's $17-$35 range provides an independent fundamental perspective.
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