IREN's share price has risen over 7x in the past year, though it declined 6.77% in the 1-day period; over 7 days it gained 24.92% and over 30 days it jumped 59.07%.
The most followed narrative values IREN at $95.75 fair value (compared with last close at $56.85), assuming the company reaches $8.7B in revenue and $2.9B in earnings by 2031, with a 33% profit margin and 10% discount rate.
IREN currently trades at a P/E of 52x versus a peer average of 45.8x, leaving less room for error if growth expectations reset.
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