Iris Energy Limited (NASDAQ:IREN – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.01.
Several equities analysts have recently weighed in on the stock. HC Wainwright upgraded shares of Iris Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $3.00 to $8.00 in a report on Thursday, February 16th. Cantor Fitzgerald lowered shares of Iris Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $3.00 in a report on Tuesday, November 8th. Finally, Canaccord Genuity Group dropped their price objective on shares of Iris Energy from $14.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 17th.
Iris Energy Trading Up 4.6 %
Shares of NASDAQ IREN opened at $2.62 on Friday. The firm’s 50-day moving average price is $2.16 and its 200-day moving average price is $2.80. Iris Energy has a 1-year low of $1.02 and a 1-year high of $17.97.
Institutional Investors Weigh In On Iris Energy
Iris Energy Company Profile
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.
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