B. Riley Has Bullish Forecast for Iris Energy Q3 Earnings

Iris Energy Limited (NASDAQ:IREN) – Analysts at B. Riley raised their Q3 2025 earnings per share (EPS) estimates for Iris Energy in a research report issued to clients and investors on Wednesday, December 18th. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of $0.09 for the quarter, up from their previous forecast of $0.07. B. Riley has a “Buy” rating and a $16.00 price objective on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.01 per share.

IREN has been the topic of a number of other research reports. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. Compass Point lowered their price target on Iris Energy from $18.50 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price target (up from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. HC Wainwright boosted their target price on shares of Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Roth Mkm started coverage on shares of Iris Energy in a research report on Wednesday, October 2nd. They set a “buy” rating and a $14.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Iris Energy has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Iris Energy Trading Down 5.9 %

IREN stock opened at $11.41 on Friday. Iris Energy has a 1-year low of $3.56 and a 1-year high of $15.92. The firm has a fifty day moving average price of $11.01 and a two-hundred day moving average price of $10.19.

Hedge Funds Weigh In On Iris Energy

Large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in Iris Energy by 1,521.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 188,051 shares of the company’s stock worth $2,123,000 after acquiring an additional 176,451 shares during the period. MKP Capital Management L.L.C. bought a new stake in Iris Energy in the second quarter worth $3,139,000. X Square Capital LLC bought a new position in Iris Energy during the 2nd quarter worth approximately $508,000. VitalStone Financial LLC raised its holdings in Iris Energy by 467.1% during the 2nd quarter. VitalStone Financial LLC now owns 79,285 shares of the company’s stock valued at $895,000 after buying an additional 65,305 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Iris Energy in the 2nd quarter worth approximately $779,000. 41.08% of the stock is currently owned by institutional investors.

About Iris Energy

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