Iris Energy shares are trading higher after the company reported better-than-expected Q3 financial results. Also, Canaccord Genuity maintained a Buy rating on the stock and raised its price target from $9 to $12.
Portfolio Pulse from Benzinga Newsdesk
Iris Energy shares are trading higher following better-than-expected Q3 financial results. Canaccord Genuity maintained a Buy rating on the stock and raised its price target from $9 to $12.
May 16, 2024 | 4:13 pm
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Iris Energy shares are trading higher after the company reported better-than-expected Q3 financial results. Canaccord Genuity maintained a Buy rating on the stock and raised its price target from $9 to $12.
The better-than-expected Q3 financial results indicate strong performance, which is likely to boost investor confidence. Additionally, the maintained Buy rating and increased price target from Canaccord Genuity provide further positive sentiment, likely driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100