IREN stock pops after Q1 AI cloud revenue nearly triples to $200 million
IREN Ltd. IREN posted its first-quarter fiscal 2027 results after Thursday’s closing bell, and the stock popped. Here’s a ...
Model output · Signal date 2026-11-06
Iren Ltd (IREN) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
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90-day forecast
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30-day forecast
Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
-13.0%
Spearman, 199 dates
Market Cap
$8.53B
mid-cap · #9 of 60 peers
Summary
Iren Ltd (IREN) stock forecast summary
Our AI scores Iren Ltd every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Iren Ltd is a mid-cap company with a market capitalization of $8.53B. It ranks number 9 by market capitalization among the 60 Finance Services issuers in our coverage with a current forecast.
For IREN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -13.0%, measured on 199 forecast dates between 2025-08-29 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -12.0%, measured on 242 forecast dates between 2025-08-29 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, IREN included.
Price
IREN price chart and AI forecast
Cross-section · 2026-11-06
How IREN ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-30
Iren Ltd (IREN) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Finance Services peers listed below that report each metric.
Valuation & Market
| Metric | IREN | Rank |
|---|---|---|
| Market Cap | $8.53B | 9/60 |
| P/B Ratio | 1.67x | 18/47 |
| EPS | $-3.96 | – |
| Book Value/Share | $12.98 | – |
| Revenue/Share | $1.76 | – |
| FCF/Share | $-6.25 | – |
Profitability & Margins
| Metric | IREN | Rank |
|---|---|---|
| ROE | -26.4% | 20/28 |
| ROA | -6.5% | 21/29 |
| ROIC | -6.9% | 9/28 |
| Gross Margin | 73.4% | 6/20 |
| Operating Margin | -166.4% | 16/31 |
| Net Margin | -194.4% | 20/27 |
| EBT Margin | -222.4% | 31/43 |
| Tax Rate | 12.6% | – |
Financial Health
| Metric | IREN | Rank |
|---|---|---|
| Current Ratio | 1.60x | 22/40 |
| D/E Ratio | 3.03x | 19/55 |
| Financial Leverage | 4.03x | 19/53 |
| Interest Coverage | -3.3x | 20/33 |
| Working Capital | $2.35B | 5/39 |
Cash Flow
| Metric | IREN | Rank |
|---|---|---|
| Operating Cash Flow | $2.49B | 4/47 |
| Free Cash Flow | -$2.46B | 29/32 |
| Capital Spending | -$4.95B | 32/32 |
| FCF/Sales | -354.3% | 25/29 |
| CapEx/Sales | 712.3% | 3/29 |
Operational Efficiency
| Metric | IREN | Rank |
|---|---|---|
| Asset Turnover | 0.03x | 29/36 |
| Receivables Turnover | 3.6x | 19/20 |
| Fixed Assets Turnover | 0.1x | 32/34 |
| Days Sales Outstanding | 101 days | 2/20 |
| Payables Period | 4176 days | 2/18 |
Income Statement
| Metric | IREN | Rank |
|---|---|---|
| Total Revenue | $695M | 16/38 |
| Operating Income | -$1.16B | 29/34 |
| Net Income | -$1.35B | 25/30 |
| SG&A Expense | $528M | 6/19 |
| Cost of Goods Sold | $185M | 9/22 |
Dividend & Shareholder Information
| Metric | IREN | Rank |
|---|---|---|
| Shares Outstanding | 394M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $6.30B | 30.6% of assets |
| Cash & Short-term Investments | $3.52B | 17.1% of assets |
| Accounts Receivable | $192M | 0.9% of assets |
| Total Liabilities | $15.50B | 75.2% of assets |
| Short-term Debt | $1.83B | 8.9% of assets |
Quarterly Financial Reports
IREN quarterly financials and insider trading
Industry Peers · Finance Services
Iren Ltd (IREN) industry peers
Companies classified under the same SEC industry code as Iren Ltd (Finance Services): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| IREN Iren Ltd | $8.53B | |
| AXP American Express Co | $215.24B | |
| MSTR Strategy Inc | $54.45B | |
| COIN Coinbase Global, Inc. | $35.68B | |
| SYF Synchrony Financial | $22.96B | |
| SOFI Sofi Technologies, Inc. | $20.72B | |
| CRCL Circle Internet Group, Inc. | $17.23B | |
| CHYM Chime Financial, Inc. | $11.86B | |
| BMNR Bitmine Immersion Technologies, Inc. | $11.32B | |
| RIOT Riot Platforms, Inc. | $6.27B | |
| WULF Terawulf Inc. | $5.67B | |
| KLAR Klarna Group Plc | $5.13B | |
| GPGI Gpgi, Inc. | $4.12B | |
| CORZ Core Scientific, Inc./Tx | $3.78B | |
| DAVE Dave Inc./De | $3.76B | |
| BLSH Bullish | $3.21B | |
| SII Sprott Inc. | $2.94B | |
| CIFR Cipher Digital Inc. | $2.72B | |
| IOND Ionic Digital Inc. | $2.68B | |
| MARA Mara Holdings, Inc. | $2.45B | |
| UPST Upstart Holdings, Inc. | $2.15B | |
| XXI Twenty One Capital, Inc. | $1.85B | |
| ASST Strive, Inc. | $1.83B | |
| PURR Hyperliquid Strategies Inc | $1.74B | |
| WLTH Wealthfront Corp | $1.66B | |
| BTDR Bitdeer Technologies Group | $1.63B | |
| CLSK Cleanspark, Inc. | $1.58B | |
| PGY Pagaya Technologies Ltd. | $1.46B | |
| WD Walker & Dunlop, Inc. | $1.34B | |
| PWP Perella Weinberg Partners | $1.29B | |
| RHLD Resolute Holdings Management, Inc. | $1.20B | |
| KEEL Keel Infrastructure Corp. | $1.15B | |
| SECZ Securitize Corp. | $1.14B | |
| BUR Burford Capital Ltd | $788M | |
| GDOT Green Dot Corp | $698M | |
| VEL Velocity Financial, Inc. | $689M | |
| QFIN Qfin Holdings, Inc. | $656M | |
| BTGO Bitgo Holdings, Inc. | $571M | |
| OPRT Oportun Financial Corp | $533M | |
| OPFI Oppfi Inc. | $526M | |
| HIVE Hive Digital Technologies Ltd. | $488M | |
| FWDI Forward Industries, Inc. | $421M | |
| ABTC American Bitcoin Corp. | $390M | |
| ORBS Eightco Holdings Inc. | $321M | |
| GEMI Gemini Space Station, Inc. | $319M | |
| WYFI Whitefiber, Inc. | $303M | |
| SVIA Silvia, Inc. | $266M | |
| BTBT Bit Digital, Inc | $265M | |
| SNFCA Security National Financial Corp | $256M | |
| CNCK Coincheck Group N.V. | $244M | |
| MFIN Medallion Financial Corp | $228M | |
| LDI Loandepot, Inc. | $216M | |
| CPSS Consumer Portfolio Services, Inc. | $216M | |
| BNC Bnb Standard Corp | $215M | |
| DGXX Digi Power X Inc. | $211M | |
| BKKT Bakkt, Inc. | $194M | |
| ZSQR Z Squared Inc. | $179M | |
| CNTN Canton Strategic Holdings, Inc. | $164M | |
| AMBR Amber International Holding Ltd | $156M | |
| USDE Stablecoinx Inc. | $155M |
Where IREN sits on the market map
Finance or Crypto Assets · Finance Services
News
Iren Ltd (IREN) stock news
Goldman Sachs Cuts IREN Price Target 40% to $30, Keeps Neutral Rating
IREN posted $228 million in fiscal first-quarter 2027 revenue, with AI cloud contributing $200 million after a 182% quarterly ...
IREN Shares Surge 18% After Strong AI Cloud Revenue Growth and Better-Than-Expected Quarterly Results
IREN Ltd (NASDAQ:IREN) shares jumped 18. 1% in premarket trading on Friday after the artificial intelligence infrastructure ...
FAQ
Iren Ltd (IREN) stock forecast FAQ
What is the Iren Ltd (IREN) stock forecast?
Our AI scores Iren Ltd every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Iren Ltd stock predictions?
For IREN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -13.0%, measured on 199 forecast dates between 2025-08-29 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -12.0%, measured on 242 forecast dates between 2025-08-29 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Iren Ltd forecasts updated?
Iren Ltd forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Iren Ltd's industry peers?
60 issuers in our coverage, IREN included, share the SEC industry code Finance Services. The largest are: American Express Co (AXP), Strategy Inc (MSTR), Coinbase Global, Inc. (COIN), Synchrony Financial (SYF), Sofi Technologies, Inc. (SOFI), Circle Internet Group, Inc. (CRCL).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.