IREN: 88% Upside Potential As AI Revenue Scales Toward $3.4 Billion ARR [Seeking Alpha]
Iris Energy Limited (IREN)
Company Research
Source: Seeking Alpha
2026 will be the 'year of proof,' where the market shifts its focus from promises to IREN's actual capacity deployment. I forecast an 88% upside for IREN shares to $103.96, provided the $3.4 billion revenue projection is achieved. Key risks include execution delays in scaling, high customer concentration with MSFT, and potential shareholder dilution from recent capital raises. Just_Super/iStock via Getty Images Investment Thesis IREN Limited ( IREN ) is one of the new players in the field of cloud infrastructure for AI, offering a unique advantage in the form of existing capacity required for the deployment of data This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of IREN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose
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IREN
News
- IREN (NASDAQ:IREN) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=IREN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> froMarketBeat
- Why IREN's Post-Market Selloff Misses The Big Picture [Seeking Alpha]Seeking Alpha
- IREN: Don't Buy This Heavy Dip (Earnings Review) [Seeking Alpha]Seeking Alpha
- IREN (NASDAQ:IREN) had its "outperform" rating reaffirmed by analysts at Macquarie.MarketBeat
- IREN (NASDAQ:IREN) had its "buy" rating reaffirmed by analysts at B. Riley.MarketBeat
IREN
Sec Filings
- 2/5/26 - Form 10-Q
- 2/5/26 - Form 8-K
- 2/2/26 - Form SCHEDULE
- IREN's page on the SEC website