2 weeks Ago By ABMN Staff
Iris Energy Limited ( NASDAQ:IREN – Get Free Report ) shares were down 4% on Friday after Compass Point lowered their price target on the stock from $18.50 to $16.00.
Compass Point currently has a buy rating on the stock. Iris Energy traded as low as $8.11 and last traded at $8.
18. Approximately 3,993,407 shares changed hands during trading, a decline of 68% from the average daily volume of 12,315,001 shares. The stock had previously closed at $8.
52. IREN has been the subject of a number of other research reports. Canaccord Genuity Group reissued a “buy” rating and issued a $15.
00 target price on shares of Iris Energy in a report on Thursday. Sanford C. Bernstein started coverage on shares of Iris Energy in a report on Wednesday, July 10th.
They issued an “outperform” rating and a $26.00 target price 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.
JPMorgan Chase & Co. dropped their target price on shares of Iris Energy from $11.00 to $9.
50 and set an “overweight” rating for the company in a report on Friday, August 23rd. Finally, Macquarie increased their target price on shares of Iris Energy from $12.00 to $13.
50 and gave the stock an “outperform” rating in a report on Friday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Iris Energy presently has an average rating of “Buy” and an average target price of $16.
25. Get Our Latest Report on IREN Institutional Inflows and Outflows Iris Energy Stock Down 7.2 % The company has a 50 day moving average price of $10.
17 and a 200-day moving average price of $7.92. Iris Energy Company Profile ( Get Free Report ) Iris Energy Limited owns and operates bitcoin mining data centers.
The company was incorporated in 2018 and is headquartered in Sydney, Australia. See Also Receive News & Ratings for Iris Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iris Energy and related companies with MarketBeat.com's FREE daily email newsletter .
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