Iris Energy (NASDAQ:IREN) Given New $13.00 Price Target at HC Wainwright

Iris Energy (NASDAQ:IREN) had its price objective trimmed by HC Wainwright from $15.00 to $13.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Iris Energy’s Q3 2025 earnings at $0.13 EPS and Q4 2025 earnings at $0.22 EPS.

IREN has been the subject of a number of other reports. Sanford C. Bernstein initiated coverage on shares of Iris Energy in a research report on Wednesday, July 10th. They set an outperform rating and a $26.00 price target for the company. B. Riley dropped their target price on shares of Iris Energy from $18.00 to $17.00 and set a buy rating for the company in a report on Friday, July 12th. Canaccord Genuity Group upped their price target on Iris Energy from $12.00 to $15.00 and gave the stock a buy rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price objective on Iris Energy from $11.00 to $9.50 and set an overweight rating for the company in a research note on Friday, August 23rd. Finally, Cantor Fitzgerald restated an overweight rating and set a $23.00 target price on shares of Iris Energy in a report on Wednesday, July 24th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Iris Energy has an average rating of Buy and an average price target of $16.75.

Iris Energy Stock Performance

IREN opened at $8.52 on Thursday. The firm’s 50-day moving average price is $10.28 and its 200 day moving average price is $7.91. Iris Energy has a twelve month low of $2.79 and a twelve month high of $15.75.

Institutional Investors Weigh In On Iris Energy

A number of large investors have recently bought and sold shares of IREN. Counterpoint Mutual Funds LLC acquired a new position in shares of Iris Energy in the fourth quarter valued at approximately $84,000. Seven Eight Capital LP acquired a new stake in Iris Energy in the 2nd quarter worth about $146,000. CCG Wealth Management LLC purchased a new stake in Iris Energy in the 1st quarter valued at about $72,000. VitalStone Financial LLC increased its stake in shares of Iris Energy by 373.9% during the 1st quarter. VitalStone Financial LLC now owns 13,980 shares of the company’s stock valued at $71,000 after acquiring an additional 11,030 shares during the last quarter. Finally, Dana Investment Advisors Inc. purchased a new position in shares of Iris Energy during the 2nd quarter worth about $161,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

Iris Energy Company Profile

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.