The latest price target for IREN (NASDAQ:IREN) was reported by JP Morgan on November 24, 2025. The analyst firm set a price target for $39.00 expecting IREN to rise to within 12 months (a possible 9.50% upside). 35 analyst firms have reported ratings in the last year.

The latest analyst rating for IREN (NASDAQ:IREN) was provided by JP Morgan, and IREN maintained their underweight rating.

The last upgrade for IREN Ltd happened on March 13, 2025 when JP Morgan raised their price target to $12. JP Morgan previously had a neutral for IREN Ltd.

The last downgrade for IREN Ltd happened on October 29, 2025 when HC Wainwright & Co. changed their price target from $36 to $45 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 November 24, 2025 so you should expect the next rating to be made available sometime around November 24, 2026.

While ratings are subjective and will change, the latest IREN (IREN) rating was a maintained with a price target of $28.00 to $39.00. The current price IREN (IREN) is trading at is $35.62, which is within the analyst’s predicted range.