Iris Energy (NASDAQ:IREN) Given New $25.00 Price Target at Canaccord Genuity Group

Iris Energy (NASDAQ:IREN) had its target price cut by Canaccord Genuity Group from $30.00 to $25.00 in a research note released on Friday morning, The Fly reports.

Several other research firms have also recently weighed in on IREN. started coverage on Iris Energy in a research note on Monday, December 13th. They set a buy rating and a $30.00 target price for the company. Compass Point began coverage on Iris Energy in a research note on Monday, December 13th. They set a buy rating for the company. Cowen assumed coverage on Iris Energy in a research note on Tuesday, January 4th. They issued an outperform rating and a $31.00 price target for the company. JPMorgan Chase & Co. assumed coverage on Iris Energy in a report on Monday, December 13th. They issued an overweight rating and a $30.00 price objective for the company. Finally, Macquarie assumed coverage on Iris Energy in a report on Monday, December 13th. They issued an outperform rating and a $31.00 price objective for the company. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $28.67.

Shares of IREN stock opened at $12.34 on Friday. Iris Energy has a 1 year low of $11.04 and a 1 year high of $28.25.

About Iris Energy

Iris Energy is a Bitcoin mining company. It builds, owns and operates data center infrastructure with a focus on entry into regions where it can access abundant and/or under-utilized renewable energy to power its operations. Iris Energy is based in SYDNEY, Australia.

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