Iron Mountain (IRM) Stock Forecast & Price Target

$105.58 +0.36 (+0.34%)

(As of 12/24/2024 05:19 PM ET)

Iron Mountain - Analysts' Recommendations and Stock Price Forecast (2025)

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 7 Analyst Ratings

Sell
0

Hold
0

Buy
7

Based on 7 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 7 analysts, 6 have given a buy rating, and 1 has given a strong buy rating for IRM.

Consensus Price Target

$131.00
24.08% Upside

According to the 7 analysts' twelve-month price targets for Iron Mountain, the average price target is $131.00. 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 24.08% from the current price of $105.58.

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IRM Analyst Ratings Over Time

Type	Current Forecast 12/26/23 to 12/25/24	1 Month Ago 11/26/23 to 11/25/24	3 Months Ago 9/27/23 to 9/26/24	1 Year Ago 12/26/22 to 12/26/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	2 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)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$131.00	$129.40	$106.00	$60.33
Forecasted Upside	24.08% Upside	7.08% Upside	-9.64% Downside	-13.65% Downside
Consensus Rating	Buy	Buy	Moderate Buy	Hold

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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	Business Services Companies	S&P 500
Consensus Rating Score	3.14	2.69	2.51
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	24.08% Upside	158.03% Upside	13.49% 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
11/27/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$135.00 ➝ $139.00	+11.95%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
11/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$44.00	-26.97%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:46 PM 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 Wednesday, December 18, 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:

The company has a strong dividend yield of 2.55%, which can provide a steady income stream for investors. This is particularly attractive in a low-interest-rate environment.
Recent analyst upgrades, including a "strong-buy" rating from BNP Paribas and an "overweight" rating from Wells Fargo, indicate positive market sentiment and potential for stock price appreciation.
Iron Mountain Incorporated's stock price is currently $114.35, which is significantly higher than its 52-week low of $64.68, suggesting a recovery and potential for further growth.
The company has a solid market capitalization of $33.56 billion, indicating stability and the ability to invest in growth opportunities.
Insider activity shows confidence in the company, with recent sales by executives indicating they believe in the company's future performance despite a decrease in their ownership percentage.

Iron Mountain
Bear Case

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

The company's dividend payout ratio is extremely high at 794.44%, which raises concerns about sustainability. A payout ratio over 100% means the company is paying out more in dividends than it earns, which could lead to future cuts.
Insider selling activity has been notable, with a total of 56,125 shares sold recently, which may signal a lack of confidence in the stock's short-term performance.
The stock has a high price-to-earnings (P/E) ratio of 317.64, suggesting that it may be overvalued compared to its earnings, which could deter value-focused investors.
The company has a high debt-to-equity ratio of 674.63, indicating significant leverage. High debt levels can pose risks, especially in economic downturns or if interest rates rise.
Recent fluctuations in stock price, including a drop of $5.81 in a single trading session, highlight volatility that could be concerning for risk-averse investors.

IRM Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Iron Mountain is $131.00, with a high forecast of $140.00 and a low forecast of $120.00.
: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iron Mountain in the last twelve months. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IRM shares.
: According to analysts, Iron Mountain's stock has a predicted upside of 24.08% 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, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
: Analysts like Iron Mountain more than other "business services" companies. The consensus rating for Iron Mountain is Buy while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how IRM compares to other companies.

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This page (NYSE:IRM) was last updated on 12/25/2024 by MarketBeat.com Staff

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Iron Mountain (IRM) Stock Forecast & Price Target