Iris Energy price target raised to $11 from $10 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Iris Energy to $11 from $10 and keeps a Buy rating on the shares following the fiscal 2023 report. The company reported strong operating efficiency and capacity expansion, the analyst tells investors in a research note. The firm says Iris offers “compelling growth prospects anchored by significant available power capacity.”