On May 15, 2025, HC Wainwright & Co., through analyst Mike Colonnese, announced a revision in their price target for IREN. The price target has been lowered from $22.00 to $21.00, marking a 4.55% decrease. Despite this adjustment, the firm has maintained its "Buy" rating for IREN.
The revised price target of $21.00 indicates the analyst's current valuation of IREN, which is a part of their ongoing commitment to provide updated investment advice. This new target reflects recent market conditions and company performance evaluations. However, the maintained "Buy" rating suggests continued confidence in the company's future potential despite the downward adjustment.
IREN's investors and stakeholders are advised to consider this updated price target alongside their investment strategies. As always, market dynamics and company developments should be monitored closely to make informed decisions based on expert insights like those from HC Wainwright & Co.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for IREN Ltd (IREN, Financial) is $20.43 with a high estimate of $25.00 and a low estimate of $14.00. The average target implies an upside of 156.27% from the current price of $7.97. More detailed estimate data can be found on the IREN Ltd (IREN) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, IREN Ltd's (IREN, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for IREN Ltd (IREN, Financial) in one year is $15.27, suggesting a upside of 91.59% from the current price of $7.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the IREN Ltd (IREN) Summary page.
