Beyond The Numbers: 15 Analysts Discuss Iris Energy Stock
Portfolio Pulse from Benzinga Insights
Iris Energy (NASDAQ:IREN) has received mixed analyst ratings, with a majority being bullish. Analysts have set a 12-month average price target of $16.53, reflecting a slight increase from previous targets. The company's financial performance shows strong revenue growth and effective asset utilization, despite a negative net margin and ROE. Analysts have adjusted their ratings and price targets based on recent developments.
September 13, 2024 | 4:01 pm
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Iris Energy has received predominantly bullish analyst ratings, with a 12-month average price target of $16.53. The company's financials show strong revenue growth but negative net margin and ROE. Analysts have adjusted ratings and targets based on recent performance.
The majority of analysts are bullish on Iris Energy, with a positive average price target indicating potential upside. The company's strong revenue growth supports this sentiment, although negative net margin and ROE are concerns. Recent analyst actions reflect these mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100