B. Riley Forecasts Iris Energy’s Q3 Earnings (NASDAQ:IREN)

Iris Energy Limited (NASDAQ:IREN) – Research analysts at B. Riley upped their Q3 2025 earnings estimates for Iris Energy in a report released on Wednesday, December 18th. B. Riley analyst L. Pipes now forecasts that the company will earn $0.09 per share for the quarter, up from their prior estimate of $0.07. B. Riley 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 commented on IREN. Canaccord Genuity Group boosted their price target on shares of Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. Roth Capital upgraded shares of Iris Energy to a “strong-buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 target price (up previously from $9.50) on shares of Iris Energy in a research report on Tuesday, December 10th. Finally, Macquarie boosted their price objective on Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Two analysts have 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 MarketBeat, Iris Energy presently has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Iris Energy Stock Performance

Shares of Iris Energy stock opened at $11.81 on Friday. Iris Energy has a twelve month low of $3.56 and a twelve month high of $15.92. The business has a 50-day moving average price of $11.09 and a 200 day moving average price of $10.20.

Institutional Trading of Iris Energy

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

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.