IREN

H.C. Wainwright analyst Mike Colonnese initiated coverage with a Buy rating on Iris Energy (IREN - Research Report) today and set a price target of $7.00. The company's shares closed yesterday at $4.64.According to TipRanks, Colonnese is ranked #7746 out of 7950 analysts.Currently, the analyst consensus on Iris Energy is a Strong Buy with an average price target of $10.50, representing a 126.29% upside. In a report released on August 23, Citigroup also initiated coverage with a Buy rating on the stock with a $8.00 price target.See the top stocks recommended by analysts >>The company has a one-year high of $28.25 and a one-year low of $2.89.
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