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Iridium Communications (IRDM) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

IRDM Stock Rating

Iridium Communications stock's rating consensus is Buy, based on 12 Wall Street analysts. The breakdown includes 1 Strong Buy (8.33%), 10 Buy (83.33%), 1 Hold (8.33%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 12 0 1 10 1 Strong Sell Sell Hold Buy Strong Buy

IRDM Price Target Upside V Benchmarks

TypeNameUpside
StockIridium Communications-
SectorCommunication Services Stocks 1.86%
IndustryTelecom Stocks 15.48%
IdeaSpace Stocks List11.26%

Price Target Trends

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$32.66$32.66$32.66
Upside/Downside---
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 25242--8
Jan, 25242--8
Dec, 24232--7
Nov, 24333--9
Oct, 24333--9
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 23, 2025Cantor FitzgeraldOverweightOverweightinitialise
Jul 24, 2024BarclaysOverweightOverweighthold
Oct 20, 2023Raymond JamesStrong BuyStrong Buyhold
Sep 18, 2023Deutsche BankHoldBuyupgrade
Jul 27, 2023BarclaysEqual-WeightOverweightupgrade
Jun 22, 2023B. Riley SecuritiesBuyinitialise
Apr 21, 2023Raymond JamesStrong BuyStrong Buyhold
Jan 09, 2023BWS FinancialBuyBuyhold
Nov 25, 2022William BlairOutperformOutperformhold
Oct 19, 2022BarclaysEqual-Weightdowngrade

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.42$-0.07$0.07$0.13$0.95----
Avg Forecast$-0.45$-0.03$0.06$-0.13$0.82$1.00$1.39$1.48$2.10
High Forecast$-0.44$-0.03$0.06$-0.12$0.85$1.48$1.78$1.52$2.15
Low Forecast$-0.46$-0.03$0.06$-0.16$0.79$0.85$1.09$1.45$2.06
Surprise %-6.67%133.33%16.67%-200.00%15.85%----

Revenue Forecast

$550M $650M $750M $850M $950M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$583.44M$614.50M$721.03M$790.72M$830.68M----
Avg Forecast$576.77M$610.43M$703.07M$790.26M$820.50M$847.96M$884.48M$945.00M$982.00M
High Forecast$587.65M$621.94M$709.15M$802.32M$823.95M$859.40M$884.48M$963.17M$1.00B
Low Forecast$568.11M$601.26M$695.42M$779.59M$815.33M$833.14M$884.47M$931.04M$967.49M
Surprise %1.16%0.67%2.55%0.06%1.24%----

Net Income Forecast

$-100M $-20M $60M $140M $220M $300M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-56.05M$-9.32M$8.72M$15.41M$112.78M----
Avg Forecast$-58.06M$-11.01M$-13.14M$15.41M$103.95M$148.33M$182.55M$188.82M$267.15M
High Forecast$-46.45M$-5.53M$-6.90M$22.73M$107.84M$188.27M$226.19M$192.98M$273.83M
Low Forecast$-69.67M$-16.49M$-19.37M$8.10M$100.05M$108.40M$138.90M$184.66M$262.02M
Surprise %-3.46%-15.35%-166.40%-8.49%----

IRDM Forecast FAQ

Is Iridium Communications stock a buy?

Iridium Communications stock has a consensus rating of Buy, based on 12 Wall Street analysts. The rating breakdown includes 1 Strong Buy, 10 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Iridium Communications is a favorable investment for most analysts.

What is Iridium Communications's price target?

Iridium Communications's price target, set by 12 Wall Street analysts, averages - over the next 12 months. The price target range spans from - at the low end to - at the high end, suggesting a potential 0% change from the previous closing price of $32.66.

How does Iridium Communications stock forecast compare to its benchmarks?

Iridium Communications's stock forecast shows a 0% downside, underperforming the average forecast for the communication services stocks sector (1.86%) and underperforming the telecom stocks industry (15.48%), trailing the Space Stocks List (11.26%) investment idea.

What is the breakdown of analyst ratings for Iridium Communications over the past three months?

  • February 2025: 25.00% Strong Buy, 50.00% Buy, 25.00% Hold, 0% Sell, 0% Strong Sell.
  • January 2025: 25.00% Strong Buy, 50.00% Buy, 25.00% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 28.57% Strong Buy, 42.86% Buy, 28.57% Hold, 0% Sell, 0% Strong Sell.

What is Iridium Communications’s EPS forecast?

Iridium Communications's average annual EPS forecast for its fiscal year ending in December 2025 is $1, marking a 5.26% increase from the reported $0.95 in 2024. Estimates for the following years are $1.39 in 2026, $1.48 in 2027, and $2.1 in 2028.

What is Iridium Communications’s revenue forecast?

Iridium Communications's average annual revenue forecast for its fiscal year ending in December 2025 is $847.96M, reflecting a 2.08% increase from the reported $830.68M in 2024. The forecast for 2026 is $884.48M, followed by $945M for 2027, and $982M for 2028.

What is Iridium Communications’s net income forecast?

Iridium Communications's net income forecast for the fiscal year ending in December 2025 stands at $148.33M, representing an 31.53% increase from the reported $112.78M in 2024. Projections indicate $182.55M in 2026, $188.82M in 2027, and $267.15M in 2028.