Iris Energy (NASDAQ:IREN) Given New $15.00 Price Target at B. Riley

Iris Energy (NASDAQ:IREN) had its price objective lifted by B. Riley from $14.00 to $15.00 in a research report report published 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 research firms also recently issued reports on IREN. Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a research report on Thursday, February 13th. Canaccord Genuity Group increased their price objective on shares of Iris Energy from $17.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of Iris Energy in a research note on Thursday, February 13th. HC Wainwright lowered their target price on shares of Iris Energy from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday. Finally, Macquarie increased their price target on Iris Energy from $15.50 to $20.00 and gave the company an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $20.30.

Iris Energy Stock Performance

NASDAQ:IREN opened at $8.41 on Thursday. Iris Energy has a 12 month low of $5.13 and a 12 month high of $15.92. The company’s 50-day moving average price is $6.49 and its two-hundred day moving average price is $9.51.

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

Institutional Investors Weigh In On Iris Energy

Large investors have recently made changes to their positions in the stock. Stonebridge Financial Group LLC bought a new position in Iris Energy during the 4th quarter worth about $29,000. HM Payson & Co. acquired a new position in shares of Iris Energy during the fourth quarter worth about $30,000. R Squared Ltd bought a new position in shares of Iris Energy during the fourth quarter worth about $37,000. Crewe Advisors LLC acquired a new stake in Iris Energy in the 1st quarter valued at approximately $39,000. Finally, Quarry LP bought a new stake in Iris Energy in the 1st quarter valued at approximately $40,000. Institutional investors own 41.08% of the company’s stock.

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.