Shares of Iris Energy Limited (NASDAQ:IREN – Get Rating) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $6.70.
IREN has been the subject of a number of research analyst reports. Cantor Fitzgerald upgraded shares of Iris Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $4.00 to $7.00 in a report on Friday, May 12th. B. Riley upped their price objective on shares of Iris Energy from $4.00 to $5.00 in a report on Tuesday, April 25th. HC Wainwright upgraded shares of Iris Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $3.00 to $8.00 in a research note on Thursday, February 16th. Compass Point boosted their target price on shares of Iris Energy from $6.50 to $11.00 and gave the company a “buy” rating in a research note on Friday, April 14th. Finally, Canaccord Genuity Group reduced their price objective on shares of Iris Energy from $14.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, February 17th.
Iris Energy Stock Performance
Shares of IREN opened at $3.49 on Friday. Iris Energy has a fifty-two week low of $1.02 and a fifty-two week high of $6.94. The firm’s 50-day simple moving average is $3.61 and its two-hundred day simple moving average is $2.58.
Institutional Trading of Iris Energy
About Iris Energy
Iris Energy Limited owns and operates bitcoin mining data centers in Canada, the United States, and the Asia-Pacific. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
- Get a free copy of the StockNews.com research report on Iris Energy (IREN)
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