Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 3, 2026, IREN Limited (IREN) has a Wall Street consensus price target of $74.20, based on estimates from 13 covering analysts. With the stock currently trading at $40.95, this represents a potential upside of +81.2%. The company has a market capitalization of $13.61B.
Analyst price targets range from a low of $39.00 to a high of $105.00, representing a 89% spread in expectations. The median target of $77.50 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 9 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, IREN trades at a trailing P/E of 105.0x and forward P/E of 117.8x. Analysts expect EPS to grow +745.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $-136.34, with bear and bull scenarios of $24402289.70 and $-208.03 respectively. Model confidence stands at 24/100, suggesting limited visibility into future performance.
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Start ComparisonThe consensus Wall Street price target for IREN is $74.2, representing 81.2% upside from the current price of $40.95. With 13 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 13 Wall Street analysts. The rating breakdown is predominantly bullish, with 9 Buy/Strong Buy ratings. The consensus 12-month price target of $74.2 implies 81.2% upside from current levels.
At a forward P/E of 117.7739x, IREN trades at a premium valuation. The consensus price target of $74.2 (81.2% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $105 for IREN, while the most conservative target is $39. The consensus of $74.2 represents the median expectation. Our quantitative valuation model projects a bull case target of $-208 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
IREN is moderately covered, with 13 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 9 have Buy ratings, 3 recommend Hold, and 1 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 13 Wall Street analysts shows a consensus price target of $74.2, with estimates ranging from $39 (bear case) to $105 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $-136, with bear/bull scenarios of $24402290/$-208.
Our quantitative valuation model calculates IREN's fair value at $-136 (base case), with a bear case of $24402290 and bull case of $-208. 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 24/100.
IREN trades at a forward P/E ratio of 117.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 105.0x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on IREN, with a "Buy" consensus rating and $74.2 price target (81.2% upside). 9 of 13 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 $39 to $105, a 89% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $74.2 consensus represents the middle ground. Our model's $24402290-$-208 range provides an independent fundamental perspective.