Iris Energy (NASDAQ:IREN) Price Target Raised to $15.00

Iris Energy (NASDAQ:IREN) had its price objective hoisted by B. Riley from $14.00 to $15.00 in a research note released on Thursday,Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for Iris Energy’s Q4 2025 earnings at $0.13 EPS.

A number of other equities analysts have also commented on IREN. Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a research report on Thursday, February 13th. Macquarie raised their target price on shares of Iris Energy from $15.50 to $20.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group lifted their target price on shares of Iris Energy from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upgraded shares of Iris Energy from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $15.00 to $12.00 in a report on Thursday, March 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 price objective on shares of Iris Energy in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $20.30.

Iris Energy Trading Up 8.5%

Shares of NASDAQ:IREN opened at $8.41 on Thursday. Iris Energy has a 1 year low of $5.13 and a 1 year high of $15.92. The firm has a fifty day moving average price of $6.49 and a 200 day moving average price of $9.51.

Iris Energy (NASDAQ:IREN) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%. The company had revenue of $148.10 million for the quarter, compared to analyst estimates of $153.38 million. As a group, research analysts anticipate that Iris Energy will post 0.43 earnings per share for the current year.

Institutional Trading of Iris Energy

A number of hedge funds have recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in shares of Iris Energy in the fourth quarter valued at $29,000. HM Payson & Co. bought a new stake in Iris Energy in the 4th quarter valued at $30,000. R Squared Ltd acquired a new stake in shares of Iris Energy during the 4th quarter valued at about $37,000. Main Management LLC bought a new stake in Iris Energy in the fourth quarter valued at about $49,000. Finally, Crewe Advisors LLC acquired a new position in Iris Energy in the first quarter worth about $39,000. Institutional investors own 41.08% of the company’s stock.

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.