Shares of Iris Energy Limited (NASDAQ:IREN – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $15.63.
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a research note on Friday, August 23rd. Sanford C. Bernstein initiated coverage on Iris Energy in a research note on Wednesday, July 10th. They set an “outperform” rating and a $26.00 price target on the stock. Needham & Company LLC began coverage on shares of Iris Energy in a research note on Wednesday, September 4th. They issued a “hold” rating for the company. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 target price on shares of Iris Energy in a research report on Thursday, August 29th. Finally, Cantor Fitzgerald reduced their price target on shares of Iris Energy from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, August 29th.
Check Out Our Latest Analysis on Iris Energy
Institutional Trading of Iris Energy
Iris Energy Price Performance
Iris Energy stock opened at $8.85 on Monday. The firm has a 50-day moving average of $8.21 and a two-hundred day moving average of $8.15. Iris Energy has a 1 year low of $2.79 and a 1 year high of $15.75.
Iris Energy Company Profile
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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