IREN: Cheap Valuation Means I Am Doubling Down [Seeking Alpha]
Iris Energy Limited (IREN)
Company Research
Source: Seeking Alpha
Management targets $3.4 billion in annualized AI cloud revenue by end-2026, supported by multi-year contracts including Microsoft. IREN trades at a forward P/S below 5 and FY2028 P/E of 16, with net cash and strong profitability, making valuation highly attractive. Wall Street consensus targets $83 per share, implying 65% upside, though $50 remains a key technical resistance. Erik Isakson/DigitalVision via Getty Images IREN Limited ( IREN ) stock has lost approximately one-third of its value since its early November peak when the stock traded above $75. Such a significant dip occurred after the FQ1 2026 earnings release, which looks more 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 w
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IREN
News
- HIVE Digital Technologies Ltd. (HIVE): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- IRE: IREN's Growth Outlook May Provide For An Appealing Trade Strategy [Seeking Alpha]Seeking Alpha
- IREN (NASDAQ:IREN) was upgraded by analysts at HC Wainwright from a "sell" rating to a "buy" rating. They now have a $80.00 price target on the stock.MarketBeat
- Why IREN Limited Skyrocketed 285% in 2025 [Yahoo! Finance]Yahoo! Finance
- Why Iren Stock Crashed in December [Yahoo! Finance]Yahoo! Finance
IREN
Sec Filings
- 1/2/26 - Form S-8
- 12/8/25 - Form 8-K
- 12/4/25 - Form 424B5
- IREN's page on the SEC website