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Iris Energy ( (IREN) ) has shared an announcement.
Iris Energy will transition from filing as a foreign private issuer to a U.S. domestic issuer with the SEC starting July 1, 2025. This change will require the company to adhere to more detailed and prompt reporting standards, impacting its regulatory compliance processes.
The most recent analyst rating on (IREN) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Iris Energy stock, see the IREN Stock Forecast page.
Spark’s Take on IREN Stock
According to Spark, TipRanks’ AI Analyst, IREN is a Neutral.
Iris Energy’s strong earnings call performance and technical momentum drive the overall score. However, financial performance issues, including lack of profitability and negative cash flow, weigh down the score. Overvaluation concerns and an overbought technical condition also contribute to the moderate score.
To see Spark’s full report on IREN stock, click here.
More about Iris Energy
Average Trading Volume: 18,244,311
Technical Sentiment Signal: Buy
Current Market Cap: $3.67B
Learn more about IREN stock on TipRanks’ Stock Analysis page.