Iron Mountain (IRM) Stock Forecast & Price Target

$119.10 +0.37 (+0.31%)

(As of 11/22/2024 ET)

Iron Mountain - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 6 Analyst Ratings

Sell
0

Hold
0

Buy
6

Based on 6 Wall Street analysts who have issued ratings for Iron Mountain in the last 12 months, the stock has a consensus rating of "Buy." Out of the 6 analysts, 5 have given a buy rating, and 1 has given a strong buy rating for IRM.

Consensus Price Target

$129.40
8.65% Upside

According to the 6 analysts' twelve-month price targets for Iron Mountain, the average price target is $129.40. The highest price target for IRM is $140.00, while the lowest price target for IRM is $120.00. The average price target represents a forecasted upside of 8.65% from the current price of $119.10.

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IRM Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$129.40	$115.50	$99.83	$61.75
Forecasted Upside	8.65% Upside	-9.55% Downside	-13.07% Downside	-2.31% Downside
Consensus Rating	Buy	Moderate Buy	Moderate Buy	Moderate Buy

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IRM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IRM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Iron Mountain Stock vs. The Competition

Type	Iron Mountain	Finance Companies	S&P 500
Consensus Rating Score	3.17	2.49	2.50
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	8.65% Upside	10.30% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent IRM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/18/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$133.00 ➝ $131.00	+14.02%
11/6/2024	BNP Paribas 3 of 5 stars	N. Crossett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
10/17/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$120.00 ➝ $135.00	+8.77%
9/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$117.00 ➝ $140.00	+21.36%
8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$82.00 ➝ $121.00	+13.41%
8/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$106.00 ➝ $120.00	+11.67%
Get the Latest News and Ratings for IRM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Iron Mountain and its competitors with MarketBeat's FREE daily newsletter.
11/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$44.00	-26.97%
8/21/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform	$58.00 ➝ $68.00	+16.12%
12/14/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:18 AM ET.

Should I Buy Iron Mountain Stock? IRM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Iron Mountain pros and cons to contact@marketbeat.com.

Iron Mountain
Bull Case

Here are some ways that investors could benefit from investing in Iron Mountain Incorporated:

Recent analyst upgrades have significantly increased price targets, with firms like Barclays raising their target from $91.00 to $133.00, indicating strong market confidence in the company's growth potential.
The current stock price is $114.88, which is near its twelve-month high of $130.24, suggesting strong performance and investor interest.
Iron Mountain Incorporated has a solid institutional backing, with 80.13% of its stock owned by institutional investors, which often indicates stability and confidence in the company's future.
The company recently announced a quarterly dividend of $0.715 per share, translating to an annual yield of 2.48%, providing a steady income stream for investors.
Iron Mountain's business model in information management services positions it well in a growing market, as more organizations seek secure data storage and management solutions.

Iron Mountain
Bear Case

Investors should be bearish about investing in Iron Mountain Incorporated for these reasons:

The company's high debt-to-equity ratio of 674.63 indicates a significant reliance on debt financing, which can pose risks, especially in fluctuating market conditions.
Insider selling has been notable, with directors and executives selling a total of 58,387 shares valued at over $6.8 million in the last quarter, which may signal a lack of confidence in the stock's future performance.
The dividend payout ratio is extremely high at 794.47%, suggesting that the company is paying out more in dividends than it earns, which may not be sustainable long-term.
Despite recent price increases, the stock has experienced volatility, with a twelve-month low of $61.59, indicating potential risks for investors looking for stability.
Market analysts have mixed opinions, with only five analysts rating the stock as a buy, which may suggest a lack of consensus on its future performance.

IRM Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Iron Mountain is $129.40, with a high forecast of $140.00 and a low forecast of $120.00.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iron Mountain in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IRM shares.
: According to analysts, Iron Mountain's stock has a predicted upside of 8.65% based on their 12-month stock forecasts.
: Over the previous 90 days, Iron Mountain's stock had 1 upgrade by analysts.
: Iron Mountain has been rated by research analysts at Barclays, BNP Paribas, Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.
: Analysts like Iron Mountain more than other "finance" companies. The consensus rating for Iron Mountain is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how IRM compares to other companies.

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This page (NYSE:IRM) was last updated on 11/25/2024 by MarketBeat.com Staff

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Iron Mountain (IRM) Stock Forecast & Price Target