B. Riley Issues Positive Forecast for Iris Energy Earnings

Iris Energy Limited (NASDAQ:IREN) – Investment analysts at B. Riley lifted their Q3 2025 earnings estimates for shares of Iris Energy in a research note issued on Wednesday, December 18th. B. Riley analyst L. Pipes now forecasts that the company will earn $0.09 per share for the quarter, up from their previous estimate of $0.07. B. Riley currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.01 per share.

Other research analysts also recently issued reports about the company. Roth Mkm started coverage on Iris Energy in a report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price target on the stock. BTIG Research began coverage on Iris Energy in a report on Friday. They set a “buy” rating and a $33.00 price objective for the company. Canaccord Genuity Group boosted their target price on Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Compass Point decreased their price target on Iris Energy from $18.50 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price objective (up previously from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Iris Energy has an average rating of “Moderate Buy” and a consensus target price of $19.50.

Iris Energy Price Performance

Shares of NASDAQ:IREN opened at $11.81 on Friday. The firm has a 50 day moving average of $11.17 and a 200 day moving average of $10.23. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.92.

Institutional Trading of Iris Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bluefin Capital Management LLC acquired a new stake in Iris Energy in the 2nd quarter valued at $113,000. AFG Fiduciary Services Limited Partnership acquired a new stake in shares of Iris Energy in the third quarter valued at about $77,000. Covestor Ltd acquired a new stake in shares of Iris Energy in the third quarter valued at about $87,000. Sippican Capital Advisors purchased a new stake in shares of Iris Energy during the third quarter worth about $94,000. Finally, Seven Eight Capital LP acquired a new position in shares of Iris Energy during the 2nd quarter worth about $146,000. 41.08% of the stock is owned by institutional investors and hedge funds.

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.