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IREN Ltd has a consensus price target of $15.61 based on the ratings of 17 analysts. The high is $26 issued by Bernstein on July 10, 2024. The low is $4.3 issued by Cowen & Co. on September 23, 2022. The 3 most-recent analyst ratings were released by Jones Trading, JP Morgan, and Macquarie on December 12, 2024, December 10, 2024, and December 4, 2024, respectively. With an average price target of $18.67 between Jones Trading, JP Morgan, and Macquarie, there's an implied 38.17% upside for IREN Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for IREN (NASDAQ:IREN) was reported by Jones Trading on December 12, 2024. The analyst firm set a price target for $22.00 expecting IREN to rise to within 12 months (a possible 62.84% upside). 38 analyst firms have reported ratings in the last year.
The latest analyst rating for IREN (NASDAQ:IREN) was provided by Jones Trading, and IREN initiated their buy rating.
The last upgrade for IREN Ltd happened on October 11, 2023 when JP Morgan raised their price target to $6.5. JP Morgan previously had a neutral for IREN Ltd.
The last downgrade for IREN Ltd happened on December 10, 2024 when JP Morgan changed their price target from $9.5 to $15 for IREN Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of IREN, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for IREN was filed on December 12, 2024 so you should expect the next rating to be made available sometime around December 12, 2025.
While ratings are subjective and will change, the latest IREN (IREN) rating was a initiated with a price target of $0.00 to $22.00. The current price IREN (IREN) is trading at is $13.51, which is within the analyst’s predicted range.
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