IREN Analyst Ratings

H.C. Wainwright made a dramatic reversal, upgrading IREN to Buy from Sell ($80) on Jan 13. Goldman initiated at Neutral ($39) and Citizens JMP at Mkt Outperform ($80). Consensus is Hold at $134 average target — Bitcoin mining and AI data center optionality in focus.

ANALYST RATINGS

Buy$60

IREN

Buy$80

Upgrade

2026-01-13

Neutral$39

Initiated

2025-12-18

Mkt Outperform$80

Initiated

2025-11-19

Sell$45

Downgrade

2025-10-29

Underweight$24

Downgrade

2025-09-26

Upgrade

2026-01-13

H.C. Wainwright

RatingBuy

FromSell

Target$80

From—

Initiated

2025-12-18

Goldman

RatingNeutral

From—

Target$39

From—

Initiated

2025-11-19

Citizens JMP

RatingMkt Outperform

From—

Target$80

From—

Downgrade

2025-10-29

H.C. Wainwright

RatingSell

FromBuy

Target$45

From—

Downgrade

2025-09-26

JP Morgan

RatingUnderweight

FromNeutral

Target$24

From—

Initiated

2025-09-24

Arete

RatingBuy

From—

Target$78

From—

Downgrade

2025-07-28

JP Morgan

RatingNeutral

FromOverweight

Target$16

From—

Upgrade

2025-03-13

JP Morgan

RatingOverweight

FromNeutral

Target$12

From$15

Initiated

2024-12-20

BTIG Research

RatingBuy

From—

Target$33

From—

Downgrade

2024-12-10

JP Morgan

RatingNeutral

FromOverweight

Target$15

From$9.50

Initiated

2024-10-02

ROTH MKM

RatingBuy

From—

Target$14

From—

Initiated

2024-07-10

Bernstein

RatingOutperform

From—

Target$26

From—

Resumed

2024-06-11

Cantor Fitzgerald

RatingOverweight

From—

Target$23

From—

Upgrade

2023-10-11

JP Morgan

RatingOverweight

FromNeutral

Target$6.50

From$6

Upgrade

2023-05-12

Cantor Fitzgerald

RatingOverweight

FromNeutral

Target$7

From$4

Initiated

2023-04-06

B. Riley Securities

RatingBuy

From—

Target$4

From—

Upgrade

2023-02-16

H.C. Wainwright

RatingBuy

FromNeutral

Target$8

From$3

Downgrade

2022-11-08

Cantor Fitzgerald

RatingNeutral

FromOverweight

Target$3

From—