Iron Mountain (IRM) Stock Forecast, Price Target & Predictions
IRM Stock Forecast
Iron Mountain stock forecast is as follows: an average price target of $68.80 (represents a -40.65% downside from IRM’s last price of $115.92) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
IRM Price Target
The average price target for Iron Mountain (IRM) is $68.80 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $90.00 to $58.00. This represents a potential -40.65% downside from IRM's last price of $115.92.
IRM Analyst Ratings
According to 4 Wall Street analysts, Iron Mountain's rating consensus is 'Buy'. The analyst rating breakdown for IRM stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Iron Mountain Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Mar 15, 2024 | Eric Luebchow | Wells Fargo | $90.00 | $78.61 | 14.49% | -22.36% |
| Aug 22, 2023 | Jonathan Atkin | RBC Capital | $68.00 | $59.84 | 13.64% | -41.34% |
| Dec 16, 2022 | - | RBC Capital | $58.00 | $52.26 | 10.99% | -49.97% |
| Dec 14, 2022 | - | BNP Paribas | $66.00 | $55.54 | 18.83% | -43.06% |
| Jun 25, 2022 | Brendan Lynch | Barclays | $58.00 | $49.46 | 17.27% | -49.97% |
| Apr 16, 2022 | Shlomo Rosenbaum | Stifel Nicolaus | $62.00 | $55.42 | 11.87% | -46.51% |
The latest Iron Mountain stock forecast, released on Mar 15, 2024 by Eric Luebchow from Wells Fargo, set a price target of $90.00, which represents a 14.49% increase from the stock price at the time of the forecast ($78.61), and a -22.36% decrease from IRM last price ($115.92).
Iron Mountain Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $90.00 |
| Last Closing Price | $115.92 | $115.92 | $115.92 |
| Upside/Downside | -100.00% | -100.00% | -22.36% |
In the current month, the average price target of Iron Mountain stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Iron Mountain's last price of $115.92. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 23, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 21, 2023 | RBC Capital | Sector Perform | Outperform | Upgrade |
| Dec 16, 2022 | RBC Capital | - | Sector Perform | Initialise |
| Dec 14, 2022 | Exane BNP Paribas | - | Outperform | Initialise |
| Jun 25, 2022 | Barclays | - | Overweight | Initialise |
| Feb 25, 2022 | Credit Suisse | Underperform | Underperform | Hold |
Iron Mountain's last stock rating was published by Wells Fargo on Jul 23, 2024. The company gave IRM a "Overweight" rating, the same as its previous rate.
Iron Mountain Financial Forecast
Iron Mountain Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.39B | $1.36B | $1.31B | $1.28B | $1.29B | $1.29B | $1.25B | $1.16B | $1.13B | $1.12B | $1.08B | $1.06B | $1.04B | $982.24M | $1.07B | $1.08B | $1.06B |
| Avg Forecast | $1.74B | $1.77B | $1.73B | $1.66B | $1.71B | $1.70B | $1.67B | $1.62B | $1.57B | $1.55B | $1.50B | $1.45B | $1.45B | $1.41B | $1.35B | $1.32B | $1.32B | $1.31B | $1.30B | $1.24B | $1.15B | $1.13B | $1.09B | $1.07B | $1.04B | $995.80M | $933.06M | $1.08B | $1.07B | $1.07B |
| High Forecast | $1.75B | $1.78B | $1.74B | $1.67B | $1.72B | $1.71B | $1.68B | $1.63B | $1.58B | $1.56B | $1.51B | $1.46B | $1.46B | $1.42B | $1.36B | $1.32B | $1.32B | $1.32B | $1.32B | $1.25B | $1.16B | $1.14B | $1.10B | $1.08B | $1.05B | $1.01B | $941.98M | $1.09B | $1.08B | $1.08B |
| Low Forecast | $1.73B | $1.76B | $1.73B | $1.65B | $1.70B | $1.69B | $1.67B | $1.62B | $1.56B | $1.54B | $1.50B | $1.45B | $1.45B | $1.40B | $1.35B | $1.31B | $1.31B | $1.31B | $1.29B | $1.22B | $1.13B | $1.12B | $1.08B | $1.06B | $1.03B | $984.60M | $922.57M | $1.07B | $1.06B | $1.06B |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.00% | 1.00% | 0.97% | 0.98% | 0.99% | 1.01% | 1.01% | 1.00% | 1.02% | 1.01% | 1.02% | 1.04% | 1.05% | 0.99% | 1.01% | 0.99% |
Iron Mountain's average Quarter revenue forecast for Dec 23 based on 5 analysts is $1.45B, with a low forecast of $1.45B, and a high forecast of $1.46B. IRM's average Quarter revenue forecast represents a 4.43% increase compared to the company's last Quarter revenue of $1.39B (Sep 23).
Iron Mountain EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $845.96M | $941.16M | $441.43M | $574.62M | $449.96M | $423.84M | $352.27M | $380.68M | $473.43M | $561.79M | $332.88M | $523.27M | $329.51M | $272.47M | $341.89M | $334.96M | $395.40M |
| Avg Forecast | $602.18M | $612.59M | $600.77M | $574.97M | $590.86M | $588.24M | $580.10M | $561.43M | $543.70M | $538.70M | $521.17M | $412.57M | $502.22M | $489.17M | $468.97M | $375.06M | $455.74M | $505.90M | $451.69M | $340.96M | $397.37M | $391.59M | $379.03M | $239.67M | $360.82M | $345.00M | $323.26M | $188.04M | $371.62M | $371.23M |
| High Forecast | $605.93M | $616.40M | $604.51M | $578.55M | $594.54M | $591.90M | $583.71M | $564.92M | $547.08M | $542.16M | $524.41M | $495.08M | $505.35M | $492.37M | $471.89M | $450.07M | $458.58M | $607.08M | $456.01M | $409.16M | $401.17M | $395.33M | $382.65M | $287.61M | $364.26M | $348.29M | $326.35M | $225.65M | $375.18M | $374.77M |
| Low Forecast | $600.27M | $610.65M | $598.87M | $573.15M | $588.99M | $586.38M | $578.26M | $559.65M | $541.98M | $535.25M | $519.52M | $330.05M | $500.63M | $485.84M | $467.48M | $300.05M | $454.30M | $404.72M | $446.61M | $272.77M | $392.90M | $387.19M | $374.77M | $191.74M | $356.76M | $341.12M | $319.62M | $150.43M | $367.45M | $367.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.73% | 2.01% | 1.18% | 1.26% | 0.89% | 0.94% | 1.03% | 0.96% | 1.21% | 1.48% | 1.39% | 1.45% | 0.96% | 0.84% | 1.82% | 0.90% | 1.07% |
5 analysts predict IRM's average Quarter EBITDA for Dec 23 to be $502.22M, with a high of $505.35M and a low of $500.63M. This is -40.63% lower than Iron Mountain's previous annual EBITDA (Sep 23) of $845.96M.
Iron Mountain Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $91.04M | $200.08M | $64.59M | $122.44M | $192.16M | $200.08M | $42.30M | $61.46M | $67.68M | $275.29M | $45.60M | $247.41M | $38.39M | $-7.09M | $63.98M | $37.70M | $107.67M |
| Avg Forecast | $176.93M | $166.04M | $133.53M | $130.59M | $168.67M | $153.63M | $148.62M | $139.92M | $164.57M | $142.85M | $124.55M | $49.80M | $134.43M | $128.68M | $97.23M | $45.27M | $128.91M | $72.32M | $118.71M | $41.16M | $117.74M | $117.58M | $103.85M | $32.83M | $92.71M | $76.39M | $37.23M | $35.19M | $93.58M | $87.76M |
| High Forecast | $178.37M | $167.39M | $134.61M | $131.64M | $170.03M | $154.87M | $149.82M | $141.05M | $165.90M | $144.14M | $125.56M | $59.76M | $135.71M | $137.46M | $98.02M | $54.33M | $129.96M | $86.79M | $120.19M | $49.39M | $119.20M | $119.04M | $105.13M | $39.40M | $93.86M | $77.34M | $37.70M | $42.22M | $94.75M | $88.85M |
| Low Forecast | $176.21M | $165.36M | $132.98M | $130.05M | $167.97M | $152.99M | $148.00M | $139.34M | $163.89M | $141.57M | $124.04M | $39.84M | $133.15M | $119.91M | $96.83M | $36.22M | $128.38M | $57.86M | $116.98M | $32.92M | $116.02M | $115.86M | $102.33M | $26.27M | $91.35M | $75.27M | $36.69M | $28.15M | $92.22M | $86.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.71% | 2.06% | 1.43% | 0.95% | 2.66% | 1.69% | 1.03% | 0.52% | 0.58% | 2.65% | 1.39% | 2.67% | 0.50% | -0.19% | 1.82% | 0.40% | 1.23% |
Iron Mountain's average Quarter net income forecast for Dec 23 is $134.43M, with a range of $133.15M to $135.71M. IRM's average Quarter net income forecast represents a 47.65% increase compared to the company's last Quarter net income of $91.04M (Sep 23).
Iron Mountain SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $315.03M | $311.81M | $294.52M | $279.16M | $285.30M | $295.39M | $280.72M | $262.46M | $241.60M | $259.78M | $248.87M | $227.74M | $227.56M | $225.33M | $232.54M | $230.61M | $191.81M |
| Avg Forecast | $395.69M | $402.53M | $394.77M | $377.81M | $388.25M | $386.53M | $381.18M | $368.91M | $357.26M | $353.98M | $342.46M | $330.49M | $330.01M | $321.43M | $308.16M | $300.45M | $299.47M | $258.16M | $296.80M | $273.14M | $261.11M | $257.31M | $249.06M | $179.19M | $237.09M | $226.70M | $212.41M | $127.89M | $244.19M | $243.93M |
| High Forecast | $398.15M | $405.04M | $397.22M | $380.16M | $390.67M | $388.94M | $383.55M | $371.21M | $359.49M | $356.25M | $344.59M | $396.59M | $332.06M | $323.53M | $310.07M | $360.54M | $301.33M | $309.80M | $299.64M | $327.76M | $263.61M | $259.77M | $251.44M | $215.03M | $239.36M | $228.86M | $214.44M | $153.47M | $246.53M | $246.26M |
| Low Forecast | $394.44M | $401.26M | $393.52M | $376.61M | $387.02M | $385.31M | $379.97M | $367.74M | $356.13M | $351.71M | $341.38M | $264.40M | $328.96M | $319.25M | $307.18M | $240.36M | $298.52M | $206.53M | $293.47M | $218.51M | $258.17M | $254.42M | $246.26M | $143.35M | $234.42M | $224.15M | $210.02M | $102.32M | $241.45M | $241.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.01% | 0.98% | 0.93% | 1.11% | 1.00% | 1.03% | 1.01% | 0.94% | 1.04% | 1.39% | 0.96% | 1.00% | 1.06% | 1.82% | 0.94% | 0.79% |
Iron Mountain's average Quarter SG&A projection for Dec 23 is $330.01M, based on 5 Wall Street analysts, with a range of $328.96M to $332.06M. The forecast indicates a 4.75% rise compared to IRM last annual SG&A of $315.03M (Sep 23).
Iron Mountain EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.31 | $0.69 | $0.22 | $0.42 | $0.66 | $0.69 | $0.15 | $0.21 | $0.23 | $0.95 | $0.16 | $0.86 | $0.13 | $-0.02 | $0.22 | $0.13 | $0.37 |
| Avg Forecast | $0.60 | $0.56 | $0.45 | $0.44 | $0.57 | $0.52 | $0.50 | $0.47 | $0.56 | $0.48 | $0.42 | $0.42 | $0.45 | $0.43 | $0.33 | $0.35 | $0.44 | $0.44 | $0.40 | $0.37 | $0.40 | $0.40 | $0.35 | $0.29 | $0.31 | $0.26 | $0.13 | $0.18 | $0.32 | $0.30 |
| High Forecast | $0.60 | $0.57 | $0.46 | $0.44 | $0.57 | $0.52 | $0.51 | $0.48 | $0.56 | $0.49 | $0.42 | $0.42 | $0.46 | $0.46 | $0.33 | $0.36 | $0.44 | $0.45 | $0.41 | $0.38 | $0.40 | $0.40 | $0.36 | $0.29 | $0.32 | $0.26 | $0.13 | $0.19 | $0.32 | $0.30 |
| Low Forecast | $0.60 | $0.56 | $0.45 | $0.44 | $0.57 | $0.52 | $0.50 | $0.47 | $0.55 | $0.48 | $0.42 | $0.42 | $0.45 | $0.41 | $0.33 | $0.35 | $0.43 | $0.44 | $0.40 | $0.37 | $0.39 | $0.39 | $0.35 | $0.28 | $0.31 | $0.25 | $0.12 | $0.18 | $0.31 | $0.29 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.71% | 2.10% | 0.62% | 0.96% | 1.49% | 1.72% | 0.40% | 0.53% | 0.58% | 2.71% | 0.56% | 2.74% | 0.50% | -0.16% | 1.20% | 0.41% | 1.25% |
According to 5 Wall Street analysts, Iron Mountain's projected average Quarter EPS for Dec 23 is $0.45, with a low estimate of $0.45 and a high estimate of $0.46. This represents a 46.58% increase compared to IRM previous annual EPS of $0.31 (Sep 23).
Iron Mountain Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SBAC | SBA Communications | $245.00 | $315.82 | 28.91% | Buy |
| CCI | Crown Castle | $119.54 | $139.10 | 16.36% | Hold |
| HASI | Hannon Armstrong Sustainable Infrastructure Capital | $35.25 | $38.80 | 10.07% | Buy |
| AMT | American Tower | $239.45 | $254.71 | 6.37% | Buy |
| GLPI | Gaming and Leisure Properties | $51.34 | $54.25 | 5.67% | Buy |
| EQIX | Equinix | $864.33 | $869.83 | 0.64% | Buy |
| DLR | Digital Realty Trust | $157.58 | $155.00 | -1.64% | Buy |
| IRM | Iron Mountain | $115.92 | $68.80 | -40.65% | Buy |
IRM Forecast FAQ
Is Iron Mountain a good buy?
Yes, according to 4 Wall Street analysts, Iron Mountain (IRM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of IRM's total ratings.
What is IRM's price target?
Iron Mountain (IRM) average price target is $68.8 with a range of $58 to $90, implying a -40.65% from its last price of $115.92. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Iron Mountain stock go up soon?
According to Wall Street analysts' prediction for IRM stock, the company can go down by -40.65% (from the last price of $115.92 to the average price target of $68.8), down by -22.36% based on the highest stock price target, and down by -49.97% based on the lowest stock price target.
Can Iron Mountain stock reach $200?
IRM's average twelve months analyst stock price target of $68.8 does not support the claim that Iron Mountain can reach $200 in the near future.
What are Iron Mountain's analysts' financial forecasts?
Iron Mountain's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.7B (high $6.74B, low $6.68B), average EBITDA is $2.32B (high $2.34B, low $2.31B), average net income is $610.83M (high $615.77M, low $608.31M), average SG&A $1.52B (high $1.53B, low $1.52B), and average EPS is $2.06 (high $2.08, low $2.06). IRM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $6.9B (high $6.94B, low $6.88B), average EBITDA is $2.39B (high $2.41B, low $2.38B), average net income is $607.1M (high $612.01M, low $604.6M), average SG&A $1.57B (high $1.58B, low $1.57B), and average EPS is $2.05 (high $2.07, low $2.04).
Did the IRM's actual financial results beat the analysts' financial forecasts?
Based on Iron Mountain's last annual report (Dec 2022), the company's revenue was $5.1B, which missed the average analysts forecast of $5.17B by -1.24%. Apple's EBITDA was $1.8B, beating the average prediction of $1.75B by 2.64%. The company's net income was $556.98M, beating the average estimation of $361.11M by 54.24%. Apple's SG&A was $1.14B, beating the average forecast of $1.13B by 1.15%. Lastly, the company's EPS was $1.92, beating the average prediction of $1.65 by 16.10%. In terms of the last quarterly report (Sep 2023), Iron Mountain's revenue was $1.39B, missing the average analysts' forecast of $1.41B by -1.68%. The company's EBITDA was $845.96M, beating the average prediction of $489.17M by 72.94%. Iron Mountain's net income was $91.04M, missing the average estimation of $128.68M by -29.25%. The company's SG&A was $315.03M, missing the average forecast of $321.43M by -1.99%. Lastly, the company's EPS was $0.31, missing the average prediction of $0.435 by -28.73%