Canaccord Genuity Reiterates Buy on Iris Energy, Maintains $8 Price Target
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi has reiterated a 'Buy' rating on Iris Energy (NASDAQ:IREN) and maintained an $8 price target.
September 14, 2023 | 10:05 am
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Canaccord Genuity has reiterated a 'Buy' rating on Iris Energy and maintained an $8 price target, potentially indicating positive sentiment towards the stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The reiteration of a 'Buy' rating and maintenance of an $8 price target by Canaccord Genuity suggests that they believe the stock is undervalued at current prices, which could lead to increased buying pressure and a potential increase in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100