Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Kepler Cheuvreux downgraded Iren SpA (BIT:IRE) from Buy to Hold with a price target of EUR2.90, citing limited upside potential following a 40% gain since January.
The downgrade comes ahead of Iren’s scheduled Q3 results and 2030 business plan announcement on November 13, 2025. Kepler Cheuvreux has also removed the stock from its Italian top pick list.
Analyst firm Kepler Cheuvreux slightly reduced its estimates for 2025, aiming to align more closely with the top-end of Iren’s guidance. The adjustment reflects expectations of a lower contribution from the company’s generation business, though still within management’s current guidance.
The firm also noted higher financial charges affecting its 2025 outlook. Despite these adjustments, Kepler Cheuvreux has substantially confirmed its EBITDA estimates for Iren’s mid-term targets in 2027/2028.
These mid-term EBITDA estimates remain below the company’s guidance included in its current business plan, according to the research note.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.