Is Iris Energy Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 4 Wall Street analysts covering (NASDAQ: IREN) stock is to Strong Buy IREN stock.
Out of 4 analysts, 2 (50%) are recommending IREN as a Strong Buy, 1 (25%) are recommending IREN as a Buy, 1 (25%) are recommending IREN as a Hold, 0 (0%) are recommending IREN as a Sell, and 0 (0%) are recommending IREN as a Strong Sell.
According to 4 Wall Street analysts that have issued a 1 year IREN price target, the average IREN price target is $6.88, with the highest IREN stock price forecast at $8.50 and the lowest IREN stock price forecast at $3.00.
On average, Wall Street analysts predict that Iris Energy's share price could reach $6.88 by Feb 17, 2024. The average Iris Energy stock price prediction forecasts a potential upside of 124.67% from the current IREN share price of $3.06.
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