Iris Energy's Stock Price Drops Amid Mixed Options Sentiment and Analyst Forecasts.

Iris Energy (IREN) stock price fell $0.36 to $17.78, with 84,000 options traded, showing a put/call ratio of 0.4. Implied volatility decreased to 99.49, and the flattening of the put-call skew suggests a slightly optimistic outlook. Analysts forecast an average target price of $21.18 with an 18.94% upside from the current price. The estimated GF Value is $14.21, indicating a 20.18% downside from the current price.

IREN (NASDAQ: IREN), the Australia-based efficient data center operator, saw its stock price drop $0.36 to $17.78 on July 2, 2025. The decline, accompanied by 84,000 options traded, resulted in a put/call ratio of 0.4, indicating a slightly bearish sentiment. Implied volatility decreased to 99.49, and the flattening of the put-call skew suggests a moderately optimistic outlook [1].

Analysts forecast an average target price of $21.18, representing an 18.94% upside from the current price. The estimated GF Value of $14.21 indicates a potential 20.18% downside from the current price. Despite the recent decline, analysts remain bullish, with a strong consensus rating of "Strong Buy" from 12 analysts [1].

IREN’s robust financial performance and strategic pivot to AI infrastructure have positioned it as a leader in sustainable data center operations. The company’s use of renewable energy, particularly hydro and solar power, has driven industry-leading margins. Over the past three months, IREN’s stock has surged 228%, fueled by strong Bitcoin mining performance and its AI cloud services [1].

However, the stock’s rapid rise and recent decline suggest potential overvaluation. IREN’s 50 Exahash per second (EH/s) Bitcoin mining capacity and operational efficiency make it one of the most competitive miners globally. Its 1.4 gigawatt Sweetwater data center project, with energization advanced to April 2026, signals robust infrastructure growth [1].

Risks to continued growth include cryptocurrency market volatility, regulatory uncertainties, and execution risks in its AI infrastructure pivot. Despite these challenges, IREN’s diversified growth trajectory and strong financials position it well to achieve its analysts' target price within a year, assuming stable Bitcoin prices and successful AI execution [1].

References:
[1] https://247wallst.com/investing/2025/07/21/can-iren-reach-24-or-is-it-a-mirage/