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Analysts’ Top Financial Picks: Iris Energy (IREN), SLM (SLM)

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Iris Energy (IRENResearch Report) and SLM (SLMResearch Report) with bullish sentiments.

Iris Energy (IREN)

Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Iris Energy yesterday and set a price target of $12.00. The company’s shares closed last Wednesday at $5.20.

According to TipRanks.com, Vafi is a 5-star analyst with an average return of 22.3% and a 49.5% success rate. Vafi covers the Technology sector, focusing on stocks such as Pagaya Technologies Ltd, Bill.com Holdings, and Repay Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Iris Energy with a $11.67 average price target, implying a 130.6% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $10.00 price target.

See the top stocks recommended by analysts >>

SLM (SLM)

In a report released today, David Chiaverini from Wedbush maintained a Buy rating on SLM, with a price target of $28.00. The company’s shares closed last Wednesday at $21.01, close to its 52-week high of $22.74.

According to TipRanks.com, Chiaverini ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.5% and a 44.6% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, First Citizens BancShares, and Texas Capital Bancshares.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SLM with a $24.75 average price target, implying a 15.6% upside from current levels. In a report issued on May 14, Wells Fargo also upgraded the stock to Buy with a $24.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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