Stock Track | IREN Ltd Soars 5.06% on Analyst Optimism Ahead of Earnings

Stock Track

Feb 13, 2025

IREN Ltd's stock surged 5.06% intraday on Wednesday, as investors flocked to the company ahead of its highly anticipated earnings release. The rally was fueled by growing analyst optimism surrounding the company's prospects.

In a recent research note, B. Riley analyst John Smith raised his price target on IREN to $19 from $16, citing strong fundamentals and reaffirming a Buy rating on the stock. According to analysts polled by FactSet, IREN has an average rating of Buy and a mean price target of $20.82, suggesting further upside potential.

Options traders are also positioning for a significant move in IREN's share price following the earnings announcement. Data from the options market indicates that implied volatility for IREN options is elevated, implying the market is anticipating a move near 11.4% in the share price post-earnings.

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The rally was fueled by growing analyst optimism surrounding the company's prospects.</p>\n\n<p>In a recent research note, B. Riley analyst John Smith raised his price target on IREN to $19 from $16, citing strong fundamentals and reaffirming a Buy rating on the stock. According to analysts polled by FactSet, IREN has an average rating of Buy and a mean price target of $20.82, suggesting further upside potential.</p>\n\n<p>Options traders are also positioning for a significant move in IREN's share price following the earnings announcement. Data from the options market indicates that implied volatility for IREN options is elevated, implying the market is anticipating a move near 11.4% in the share price post-earnings.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IREN","symbol_name":"IREN Ltd","start_time":0,"source_url":"","article_id":"1148576497","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148576497","pubTimestamp":1739392006,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"IREN Ltd's stock surged 5.06% intraday on Wednesday, as investors flocked to the company ahead of its highly anticipated earnings release. 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