Analyst Ratings For Iris Energy
Portfolio Pulse from Benzinga Insights
Analyst ratings for Iris Energy (NASDAQ:IREN) have shown a positive trend over the past three months, with an increase in average price targets from $14.07 to $17.5. Analysts have varied opinions, with most being bullish or somewhat bullish. The company's financials are strong, with significant revenue growth and profitability metrics exceeding industry averages.
August 23, 2024 | 7:00 pm
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POSITIVE IMPACT
Iris Energy has received predominantly bullish analyst ratings, with an increase in average price targets to $17.5, indicating positive sentiment. The company's strong financial performance, including a 376.3% revenue growth, supports this outlook.
The majority of analysts have rated Iris Energy as bullish or somewhat bullish, with an increase in the average price target by 24.38% to $17.5. This reflects a positive outlook on the company's stock. Additionally, Iris Energy's financial performance, including a significant revenue growth rate and strong profitability metrics, supports the bullish sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100