Iris Energy Stock Target Price and Analyst Consensus

IREN Stock  USD 15.39  1.24  8.76%   
The current analyst and expert consensus on Iris Energy is Strong Buy, with 6 strong buy opinions. The current projected Iris Energy target price consensus is 10.79 with 10 analyst opinions. Check out Macroaxis Advice on Iris Energy to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.
The most common way Iris Energy analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Iris Energy executives and customers to further validate their buy or sell advice. Iris Energy buy-or-sell recommendation module provides average expert sentiment on the projected Iris Energy target price to derive its highest and lowest estimates based on projected price volatility of 7.7472.
Lowest Forecast
9.82
Highest Forecast
11.98
Target Price
10.79
As of the 9th of December 2024, Gross Profit is likely to grow to about 174.9 M, while Pretax Profit Margin is likely to drop (0.14). At this time, Iris Energy's Current Deferred Revenue is very stable compared to the past year. As of the 9th of December 2024, Accounts Payable is likely to grow to about 28.7 M, while Short and Long Term Debt Total is likely to drop about 1.6 M.
  
It's important to approach Iris Energy's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Iris Energy Target Price Consensus

Iris target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Iris Energy's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   10  Strong Buy
Most Iris analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Iris stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Iris Energy, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Iris Energy Target Price Projection

Iris Energy's current and average target prices are 15.39 and 10.79, respectively. The current price of Iris Energy is the price at which Iris Energy is currently trading. On the other hand, Iris Energy's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Iris Energy Market Quote on 9th of December 2024

Low Price14.18Odds
High Price15.92Odds

15.39

Target Price

Analyst Consensus On Iris Energy Target Price

Low Estimate9.82Odds
High Estimate11.98Odds

10.79

Historical Lowest Forecast  9.82 Target Price  10.79 Highest Forecast  11.98
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Iris Energy and the information provided on this page.

Iris Energy Analyst Ratings

Iris Energy's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Iris Energy stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Iris Energy's financials, market performance, and future outlook by experienced professionals. Iris Energy's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Iris Energy price targets

Iris Energy's stock target price is an estimate of its future price, usually made by analysts. Using Iris Energy's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Iris Energy's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Iris Energy's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Iris Energy Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Iris Energy is a key component of Iris Energy valuation and have some predictive power on the future returns of a Iris Energy.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iris Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
6.6214.3722.12
Details
Intrinsic
Valuation
LowRealHigh
4.2011.9519.70
Details
Naive
Forecast
LowNextHigh
9.8017.5525.30
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.040.040.04
Details

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When determining whether Iris Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Iris Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Iris Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Iris Energy Stock:
Check out Macroaxis Advice on Iris Energy to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.