Iris Energy (IREN) Rating Reiterated by Top Analyst

Iris Energy (IREN) received a Hold rating from Needham analyst John Todaro. The company's shares closed at $23.04. Todaro has a 71.17% success rate on recommended stocks and an average return of 52.4%. The analyst consensus on Iris Energy is a Moderate Buy with an average price target of $20.93. IREN has a market cap of $5.55B and a P/E ratio of -105.74.

IREN Limited, a company that operates in the integrated data center business, has recently seen its stock price fluctuate based on analyst ratings and earnings reports. The company, formerly known as Iris Energy Limited, changed its name to IREN Limited in November 2024. It operates data centers powered by renewable energy in Australia, the United States, and Canada, and also engages in Bitcoin mining.

Analyst Ratings and Price Targets

Needham analyst John Todaro recently downgraded IREN to a Hold rating, with a 71.17% success rate and an average return of 52.4% on his recommended stocks. The analyst consensus on IREN is a Moderate Buy, with an average price target of $20.93. The company's shares closed at $23.04 on July 2, 2025, giving it a market cap of $5.55 billion and a P/E ratio of -105.74 [1].

Q4 Earnings Preview

IREN is scheduled to release its Q4 2025 earnings results on August 28, 2025, after market close. The consensus EPS estimate is $0.25 and the consensus Revenue estimate is $510.51 million. Over the last three months, EPS estimates have seen one upward revision and no downward revisions, while revenue estimates have seen seven upward revisions and one downward revision [2].

Recent Financial Performance

In its Q3 2025 earnings call, IREN reported strong financial performance, with 172% year-over-year (YoY) revenue growth and expanding Bitcoin mining margins, achieving a $24.2 million quarterly profit. The company's AI cloud business is also expanding, with a significant increase in GPU capacity [3].

Market Sentiment

IREN's stock price has surged since April, evolving from a Bitcoin miner to a fast-growing AI infrastructure disruptor. The company funds its AI data center expansion through profitable, low-cost Bitcoin mining. The company's strategic shift to AI and its ability to leverage low-cost renewable energy sources have positioned it as a favorable investment opportunity [4].

References:

[1] https://stockanalysis.com/stocks/iren/
[2] https://seekingalpha.com/news/4489670-iris-energy-fy-2025-earnings-preview
[3] https://stockanalysis.com/stocks/iren/forecast/
[4] https://seekingalpha.com/news/4490204-iris-energy-reports-fy-results