Can IREN Stock Really Hit $100? One Analyst Thinks So
TLDR
- IREN rose 2.6% to $39.75 on Tuesday, with Bernstein holding the highest price target of $100, implying 146% upside from current levels.
- The consensus rating across analysts is “Moderate Buy” with an average target of $82.71, though JPMorgan holds an “underweight” rating with a $46 target.
- IREN signed $2.8 billion in new multi-year AI Cloud contracts in July and raised its 2026 annualised AI Cloud revenue target to over $4 billion.
- A $3.4 billion five-year cloud deal with NVIDIA was signed in May 2026, and IREN completed a $625 million acquisition of cloud infrastructure firm Mirantis on August 4.
- Jim Cramer, when asked about IREN, directed callers to CoreWeave instead, citing its scale and cheaper valuation.
IREN stock traded at $39.75 on Tuesday, up 2.6% from its prior close of $38.74. The stock touched an intraday high of $40.96 before settling back. Volume came in around 9% below the average session level.
The stock currently trades well below both its 50-day moving average of $46.06 and its 200-day moving average of $46.56. Its beta sits at 4.29, which means it moves hard in both directions.
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