Iris Energy (NASDAQ:IREN) Stock Price Expected to Rise, HC Wainwright Analyst Says

Iris Energy (NASDAQ:IREN) had its target price boosted by equities researchers at HC Wainwright from $13.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 29.03% from the stock’s current price. HC Wainwright also issued estimates for Iris Energy’s Q3 2025 earnings at $0.12 EPS.

Other research analysts also recently issued reports about the stock. Compass Point dropped their target price on shares of Iris Energy from $18.50 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 target price on shares of Iris Energy in a research report on Wednesday, October 30th. Roth Mkm assumed coverage on Iris Energy in a report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 target price for the company. Macquarie raised their price target on Iris Energy from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, B. Riley reduced their price objective on Iris Energy from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, September 13th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Iris Energy has an average rating of “Buy” and a consensus target price of $16.33.

Iris Energy Trading Up 29.7 %

Shares of Iris Energy stock opened at $12.40 on Wednesday. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.75. The firm’s 50 day moving average is $9.42 and its two-hundred day moving average is $9.48.

Hedge Funds Weigh In On Iris Energy

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP boosted its holdings in shares of Iris Energy by 33.6% in the second quarter. Marshall Wace LLP now owns 3,811,780 shares of the company’s stock valued at $43,035,000 after acquiring an additional 958,494 shares in the last quarter. Van ECK Associates Corp boosted its holdings 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 valued at $13,938,000 after purchasing an additional 576,726 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in Iris Energy during the 2nd quarter worth approximately $17,319,000. Hood River Capital Management LLC purchased a new position in shares of Iris Energy during the 2nd quarter worth approximately $13,618,000. Finally, Bank of Montreal Can acquired a new stake in shares of Iris Energy in the 2nd quarter valued at approximately $9,969,000. 41.08% of the stock is owned by institutional investors and hedge funds.

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.