What 9 Analyst Ratings Have To Say About Iris Energy
Portfolio Pulse from Benzinga Insights
Over the past quarter, Iris Energy (NASDAQ:IREN) received 9 analyst ratings, with 4 being bullish and 5 somewhat bullish, and none bearish. The average 12-month price target for IREN is $9.22, with a high of $11.00 and a low of $6.50. This target reflects a 7.8% decrease from the previous target of $10.00. Analyst ratings are opinions on stock performance and are updated quarterly.
December 08, 2023 | 5:00 pm
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NEUTRAL IMPACT
Iris Energy has received a majority of bullish and somewhat bullish ratings from analysts, with an average price target of $9.22, indicating a slight negative sentiment with a 7.8% decrease from the previous target.
The majority of bullish ratings suggest a positive outlook for IREN, but the decrease in the average price target may temper short-term expectations. The impact is neutral as the decrease in target price could offset the positive sentiment from the bullish ratings.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100