Wall Street Analysts See a 103.67% Upside in IREN Limited (IREN): Can the Stock Really Move This High?

Group 1 - IREN Limited (IREN) shares have increased by 1.5% over the past four weeks, closing at $10.09, with a mean price target of $20.55 indicating a potential upside of 103.7% [1] - The mean estimate consists of 11 short-term price targets with a standard deviation of $4.08, where the lowest estimate suggests a 48.7% increase and the highest predicts a 157.7% surge to $26 [2] - Analysts show strong agreement on IREN's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][9] Group 2 - The Zacks Consensus Estimate for IREN's current year has risen by 9.7% over the past month, indicating positive sentiment among analysts [10] - IREN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential upside [11] - While consensus price targets may not be entirely reliable, the direction they imply appears to be a useful guide for potential price movements [12]