B. Riley Boosts Iris Energy (NASDAQ:IREN) Price Target to $10.00

Iris Energy is a publicly traded company that operates in the energy sector. The company's stock is listed on the NASDAQ Global Select Market under the ticker symbol "IREN." On Wednesday morning, B. Riley published a research note on the company and upped its price target from $8.00 to $10.00. This means that B. Riley believes that the stock is undervalued and could potentially increase in value to reach this new price target.

In addition to the price target increase, B. Riley also issued estimates for Iris Energy's Q3 2024 earnings per share (EPS). The company is expected to report earnings of $0.19 per share in Q3 2024. However, no estimate was provided for Q4 2024 earnings.

It's worth noting that B. Riley has a buy rating on the stock, which means they believe that it is a good investment opportunity. This research note and price target increase could potentially attract investors to the company and cause its stock price to rise. However, it's important to remember that past performance is not necessarily indicative of future results, and there are many factors that can affect a stock's price.