Macquarie Maintains Outperform on Iris Energy, Raises Price Target to $13.5
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Paul Golding maintains an Outperform rating on Iris Energy (NASDAQ:IREN) and raises the price target from $12 to $13.5.
August 30, 2024 | 2:51 pm
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Macquarie analyst Paul Golding has increased the price target for Iris Energy from $12 to $13.5 while maintaining an Outperform rating. This suggests a positive outlook for the company's stock.
The increase in price target from $12 to $13.5 by Macquarie, along with the maintained Outperform rating, indicates a positive sentiment from the analyst. This is likely to boost investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100