| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Throughout the last three months, 8 analysts have evaluated Iris Energy (NASDAQ:IREN), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 3 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 2 | 2 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $15.75, a high estimate of $26.00, and a low estimate of $9.00. Witnessing a positive shift, the current average has risen by 44.23% from the previous average price target of $10.92.
The analysis of recent analyst actions sheds light on the perception of Iris Energy by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Lucas Pipes | B. Riley Securities | Lowers | Buy | $17.00 | $18.00 |
| Gautam Chhugani | Bernstein | Announces | Outperform | $26.00 | - |
| Lucas Pipes | B. Riley Securities | Raises | Buy | $18.00 | $9.50 |
| Brett Knoblauch | Cantor Fitzgerald | Announces | Overweight | $23.00 | - |
| Reginald Smith | JP Morgan | Raises | Overweight | $11.00 | $10.00 |
| Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $10.00 | $10.00 |
| Joseph Vafi | Canaccord Genuity | Raises | Buy | $12.00 | $9.00 |
| Joseph Vafi | Canaccord Genuity | Maintains | Buy | $9.00 | $9.00 |
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Iris Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Iris Energy analyst ratings.
Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Iris Energy's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 376.3% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Iris Energy's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.01% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Iris Energy's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.63% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Iris Energy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.51% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Iris Energy's debt-to-equity ratio is below the industry average. With a ratio of 0.0, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: IREN
