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Analysts Have Conflicting Sentiments on These Financial Companies: Western Alliance (WAL) and IREN (IREN)

Tipranks - Sat May 9, 6:36AM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Western Alliance (WAL) and IREN (IREN).

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Western Alliance (WAL)

In a report released today, Timur Braziler from UBS maintained a Hold rating on Western Alliance, with a price target of $80.00. The company’s shares closed last Thursday at $82.31.

According to TipRanks.com, Braziler is a 4-star analyst with an average return of 8.8% and a 62.2% success rate. Braziler covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Pinnacle Financial Partners, and First Bancorp Puerto Rico. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Western Alliance with a $88.70 average price target, representing a 6.0% upside. In a report issued on April 24, J.P. Morgan also maintained a Hold rating on the stock with a $86.00 price target.

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IREN (IREN)

In a report released yesterday, Gregory Lewis from BTIG reiterated a Buy rating on IREN, with a price target of $80.00. The company’s shares closed last Thursday at $56.85.

According to TipRanks.com, Lewis is a 5-star analyst with an average return of 31.3% and a 59.6% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as FTAI Infrastructure Incorporation, Capital Clean Energy Carriers, and Aebi Schmidt Holding AG. ;'>

Currently, the analyst consensus on IREN is a Strong Buy with an average price target of $79.25, which is a 33.4% upside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to Buy with a $69.00 price target.

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