IREN Stock Prediction: $84 Bull Case vs $22 Bear CaseEnglish 한국어日本語ไทย繁體中文PortuguêsDeutschItalianoFrançaisEspañolIREN’s revenue is going backwards. In the quarter ended 31 March 2026, IREN Limited (Nasdaq: IREN) reported revenue of $144.8m — down from $184.7m the previous quarter — alongside a net loss of $247.8m. In a rising market IREN should outperform; in a drawdown it should underperform. This analysis frames an $84 bull case and a $22 bear case against a share price of $38.95 on 11 August 2026. Q3 FY2026 revenue fell to $144.8m from $184.7m even as AI cloud revenue nearly doubled to $33.6m.