B. Riley Brokers Increase Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at B. Riley increased their Q3 2025 earnings estimates for Iris Energy in a research note issued to investors on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will earn $0.09 per share for the quarter, up from their previous estimate of $0.07. B. Riley currently has a “Buy” rating and a $16.00 price target on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.01 per share.

Several other brokerages have also recently issued reports on IREN. Roth Capital upgraded shares of Iris Energy to a “strong-buy” rating in a research report on Tuesday, October 1st. Cantor Fitzgerald upped their target price on Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Compass Point lowered their target price on Iris Energy from $18.50 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 30th. BTIG Research initiated coverage on Iris Energy in a research note on Friday. They issued a “buy” rating and a $33.00 price target on the stock. Finally, HC Wainwright increased their price objective on Iris Energy from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.50.

Iris Energy Stock Up 3.5 %

IREN opened at $11.81 on Friday. Iris Energy has a one year low of $3.56 and a one year high of $15.92. The business has a 50 day simple moving average of $11.09 and a two-hundred day simple moving average of $10.20.

Institutional Trading of Iris Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. D1 Capital Partners L.P. purchased a new stake in shares of Iris Energy in the second quarter worth approximately $17,319,000. Hood River Capital Management LLC purchased a new position in shares of Iris Energy in the 2nd quarter worth approximately $13,618,000. Marshall Wace LLP increased its position in shares of Iris Energy by 33.6% during the second quarter. Marshall Wace LLP now owns 3,811,780 shares of the company’s stock worth $43,035,000 after purchasing an additional 958,494 shares in the last quarter. Bank of Montreal Can purchased a new stake in Iris Energy in the second quarter valued at about $9,969,000. Finally, Van ECK Associates Corp boosted its stake in Iris Energy by 56.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock worth $13,938,000 after purchasing an additional 576,726 shares in the last quarter. Hedge funds and other 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.