MarketBeat cites USD 81.13 target for IREN stock

Published on 10/24/2026 at 19:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue rose 41.11 percent to USD 707.01 million. IREN stock stood at EUR 22.27 on October 23, 2026, down 2.02 percent on Tradegate.

Analyst target and reporting date

MarketBeat cited an average USD 81.13 target from 22 analysts on October 13, 2026.
Fiscal 2026 revenue rose 41.11 percent to USD 707.01 million.
IREN stock stood at EUR 22.27 on Tradegate on October 23, 2026, down 2.02 percent versus the prior close.
IREN is scheduled to report results on November 5, 2026.

IREN, AU0000185993, Illustration mit AI erstellt.

MarketBeat cited an average 12-month target of USD 81.13 from 22 analysts on October 13, 2026, with 16 Buy ratings, one Strong Buy, four Holds and one Sell. The target is a valuation reference while IREN continues shifting its data-center business toward artificial intelligence infrastructure. IREN stock stood at EUR 22.27 on Tradegate on October 23, 2026, down 2.02 percent versus the prior Tradegate close.

Revenue growth meets a large loss

MetaCap reported that IREN generated USD 707.01 million in fiscal 2026 revenue, up 41.11 percent from USD 501.02 million in fiscal 2025. The same fiscal-year summary showed a USD 702.62 million net loss, compared with net income of USD 86.94 million in fiscal 2025. Gross margin rose to 68.90 percent from 68.30 percent.

Stock near its yearly low

IREN's Nasdaq price closed at USD 24.91 on October 23, 2026, down 2.37 percent on the session. The 52-week range was USD 24.86 to USD 76.87 on that date, placing the stock USD 0.05 above its low and 67.59 percent below its high. Market capitalization stood at USD 9.8 billion, while trading volume reached 38,502,015 shares.

What comes before the results?

MarketBeat stated on October 23, 2026 that IREN is scheduled to report its next results on November 5, 2026. The same report cited a consensus Moderate Buy rating and an average target of USD 80.79, but the October 13 average of USD 81.13 is the more recent dated consensus used here. IREN's current price-to-earnings ratio was negative at minus 11.53, reflecting trailing losses rather than a conventional earnings valuation.

Peer trading remains volatile

Comparison with peers: IREN: down 2.02 percent, price-to-earnings ratio minus 11.53, market capitalization USD 9.8 billion. Core Scientific (Nasdaq, USD): down 0.76 percent, price-to-earnings ratio minus 3.14, market capitalization USD 4.2 billion. Hut 8 (Nasdaq, USD): down 4.28 percent, price-to-earnings ratio minus 11.40, market capitalization USD 7.5 billion.

Dates and valuation

The November 5, 2026 reporting date gives the next defined checkpoint for revenue conversion, margins and capital spending. Until then, the contrast is clear in the reported figures: fiscal 2026 revenue grew 41.11 percent, while the company recorded a USD 702.62 million net loss.

IREN stock price and next checkpoint

IREN stock stood at EUR 22.27 on Tradegate on October 23, 2026, down 2.02 percent versus the prior Tradegate close. The next scheduled results date is November 5, 2026. The further course of trading is shown by the continuously updated real-time quote of IREN stock.