B. Riley Raises Iris Energy (NASDAQ:IREN) Price Target to $16.00

Iris Energy (NASDAQ:IREN) had its target price hoisted by analysts at B. Riley from $15.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 35.48% from the company’s current price. B. Riley also issued estimates for Iris Energy’s Q3 2025 earnings at $0.09 EPS.

Several other brokerages also recently commented on IREN. Roth Mkm started coverage on Iris Energy in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price target on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 target price (up previously from $9.50) on shares of Iris Energy in a research report on Tuesday, December 10th. Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a report on Wednesday, November 27th. Roth Capital upgraded shares of Iris Energy to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, Canaccord Genuity Group upped their price objective on shares of Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Iris Energy has an average rating of “Moderate Buy” and an average price target of $19.50.

Iris Energy Trading Up 3.5 %

Iris Energy stock opened at $11.81 on Thursday. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.92. The business’s 50-day simple moving average is $11.09 and its 200-day simple moving average is $10.20.

Institutional Investors Weigh In On Iris Energy

A number of institutional investors have recently added to or reduced their stakes in IREN. AFG Fiduciary Services Limited Partnership bought a new position in shares of Iris Energy during the 3rd quarter worth approximately $77,000. Covestor Ltd bought a new position in shares of Iris Energy during the third quarter valued at $87,000. Sippican Capital Advisors acquired a new stake in shares of Iris Energy in the 3rd quarter valued at $94,000. Bluefin Capital Management LLC acquired a new stake in shares of Iris Energy in the 2nd quarter valued at $113,000. Finally, Seven Eight Capital LP bought a new stake in shares of Iris Energy in the 2nd quarter worth about $146,000. 41.08% of the stock is owned by institutional investors and hedge funds.

About Iris Energy

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.