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IREN Ltd Surpasses Analyst Target Price of $21.45, Reaches $23.14/Share
ByAinvest
Tuesday, Aug 26, 2025 7:55 am ET1min read
IREN Ltd's stock price has crossed above the average analyst 12-month target price of $21.45, reaching $23.14/share. Analysts have set 11 different targets, with one as low as $15.00 and another as high as $27.00. The average rating is 1.46, indicating a strong buy rating.
IREN Ltd. (NASDAQ:IREN) has seen its stock price cross above the average analyst 12-month target price of $21.45, reaching $23.14 per share as of July 2, 2025. This move comes amidst a strong bullish sentiment among analysts, who have set 11 different targets for the stock. The range of targets spans from $15.00 to $27.00, with the average rating indicating a strong buy rating of 1.46 [3].Analysts have been bullish on IREN Ltd., with a median price target of $22.00 and an overall rating of Strong Buy (9.2/10). The most optimistic forecast comes from Giuliano Bologna at Compass Point, projecting a 26.0% upside, while the most conservative target is provided by Reginald Smith at JP Morgan, suggesting a 25.3% downside [3].
The company has recently reported impressive financial results, including a 5.5% increase in share prices on Wednesday, July 24, 2024, and a 27.6% increase in Bitcoin mining revenues from June to July 2024. IREN Ltd. achieved its operating hash rate target of 50 EH/s in June 2024, which is expected to bolster revenues from Bitcoin mining moving forward [1].
Multiple institutional investors have also shown confidence in IREN Ltd. by increasing their stakes in the company. Invesco Ltd. has reduced its position by 11.8%, but still holds approximately 1.09% of the company. Other institutional investors such as Mizuho Markets Americas LLC and Mitsubishi UFJ Asset Management Co. Ltd. have significantly increased their holdings in IREN Ltd. during the first quarter [2].
Despite the positive outlook, investors should remain cautious and conduct their own due diligence before making investment decisions. The stock's performance may materially differ from these projections, and past performance does not guarantee future results.
References:
[1] https://finance.yahoo.com/news/iren-ltd-iren-jumps-investors-165036605.html
[2] https://www.marketbeat.com/instant-alerts/filing-invesco-ltd-cuts-position-in-iren-limited-iren-2025-08-24/
[3] https://tickernerd.com/stock/iren-forecast/
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