JP Morgan Maintains Overweight on Iris Energy, Raises Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith has maintained an Overweight rating on Iris Energy (NASDAQ:IREN) and increased the price target from $9 to $9.5.
December 08, 2023 | 2:16 pm
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JP Morgan analyst Reginald Smith has reaffirmed an Overweight rating on Iris Energy and raised the price target to $9.5, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Reginald Smith from JP Morgan typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100