HC Wainwright Issues Positive Forecast for Iris Energy (NASDAQ:IREN) Stock Price

Iris Energy (NASDAQ:IREN) had its target price upped by HC Wainwright from $13.00 to $16.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Iris Energy’s Q3 2025 earnings at $0.12 EPS.

Several other research firms have also recently commented on IREN. Roth Capital upgraded shares of Iris Energy to a “strong-buy” rating in a report on Tuesday, October 1st. Needham & Company LLC initiated coverage on shares of Iris Energy in a research note on Wednesday, September 4th. They issued a “hold” rating on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price objective on shares of Iris Energy in a research report on Wednesday, October 30th. Macquarie increased their target price on shares of Iris Energy from $12.00 to $13.50 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Compass Point reduced their price target on shares of Iris Energy from $18.50 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Iris Energy presently has a consensus rating of “Buy” and an average price target of $16.33.

Iris Energy Trading Up 9.0 %

Shares of IREN opened at $13.51 on Wednesday. Iris Energy has a 1 year low of $3.56 and a 1 year high of $15.75. The stock has a 50-day simple moving average of $9.63 and a 200-day simple moving average of $9.56.

Hedge Funds Weigh In On Iris Energy

Institutional investors have recently bought and sold shares of the company. AFG Fiduciary Services Limited Partnership purchased a new stake in shares of Iris Energy in the third quarter valued at about $77,000. Covestor Ltd purchased a new stake in Iris Energy in the 3rd quarter valued at approximately $87,000. Sippican Capital Advisors purchased a new stake in Iris Energy in the 3rd quarter valued at approximately $94,000. Bluefin Capital Management LLC acquired a new position in Iris Energy during the 2nd quarter worth approximately $113,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Iris Energy during the 1st quarter worth approximately $133,000. 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.