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Kepler Cheuvreux downgrades Iren stock to Hold on limited upside potential

Published 30/10/2025, 11:16
Kepler Cheuvreux downgrades Iren stock to Hold on limited upside potential
IREE
-0.63%

Investing.com - Kepler Cheuvreux downgraded Iren (BIT:IREE) from Buy to Hold on Thursday, while maintaining a price target of EUR2.90.

The research firm cited limited upside potential following the stock’s approximately 40% gain since its January upgrade to Buy. Kepler Cheuvreux also removed Iren from its Italian top pick list.

Kepler Cheuvreux slightly reduced its 2025 estimates to align with the top end of Iren’s guidance, noting a lower expected contribution from the company’s generation business and higher financial charges.

The firm’s analyst acknowledged that the reduced generation business contribution remains in line with current management guidance.

Kepler Cheuvreux substantially confirmed its EBITDA estimates for Iren’s mid-term targets in 2027/2028, which are already below the company’s guidance included in its current business plan.

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